Thinking Hats Entertainment Solutions SME IPO Details, Financials, Valuation & Peers
Explore Thinking Hats Entertainment Solutions IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Incorporated in 2013, Thinking Hats Entertainment Solutions Limited is a entertainment and event management company that has evolved into a leading player in the event curation, OTT content production and experiential marketing space. With expertise spanning over a decade, the company initially started as a premier event design and production firm, specializing in corporate and social events, MICE (Meetings, Incentives, Conferences, and Exhibitions), and retail visual merchandising. It has since expanded into producing content for major OTT platforms, creating a diverse portfolio that includes web series, films, short films and corporate videos. Thinking Hats is recognized for its cutting-edge event management services across industries such as media, retail, finance, food, education, and technology. Its foray into the OTT space has led to successful projects on platforms like Netflix, Amazon Prime, Sony Liv, MX Player, and Disney+Hotstar.
Key Points:
- Service Offerings:
- Event Management: Specializing in corporate events, product launches, lifestyle events, exhibitions, ground activations and artist management.
- Retail Visual Merchandising: Offering in-store solutions across retail industries.
- OTT Content Production: Produces web series, films and corporate videos for major platforms like Netflix, Amazon and Sony Liv.
- OTT Success: Known for popular OTT projects such as Aapkey Kamrey Me Koi Rehta Hai, Kathmandu Connection 2 and the Bengali film Onek Diner Pore.
- Clientele: Has worked with notable brands such as the Tata Group, Goldman Sachs, McDonald's, Uber, Times of India and Radio Mirchi.
- Innovative IPs: Created trailblazing intellectual properties such as the music festivals Holi Moly and Live with Shafqat Amanat Ali, which have been well-received by audiences.
- EAGER Strategy:
- Experience: Expertise in event management, OTT production, and visual merchandising.
- Agility: Diverse client base spanning multiple industries.
- Game-awareness: Transitioned from events to content production.
- Energy: Youth-driven, connecting with audiences through music and innovative content.
- Revenue Generation: Focused on creating value for clients by engaging their target audiences.
Objects of the Issue
- Prepayment or repayment of all or a portion of certain loans availed by the Company
- Funding of working capital requirements of the Company
- General Corporate Purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 25 Sep - 27 Sep 2024 |
| IPO Price Band | ₹42 - ₹44 per share |
| Fresh Issue | 34,29,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹15.09 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Sep 2024 |
| IPO Closing Date | 27 Sep 2024 |
| Basis Of Allotment | 30 Sep 2024 |
| Refunds | 01 Oct 2024 |
| Demat Transfer | 01 Oct 2024 |
| IPO Listing Date | 03 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 12.45 | 22.28 | 26.70 |
| Total Expenses | 11.97 | 19.53 | 22.40 |
| Net Profit/Loss | 0.37 | 2.01 | 3.09 |
| NPM (*) | 3.21 | 9.07 | 11.61 |
| Total Assets | 6.41 | 14.57 | 24.03 |
| Total Liabilities | 2.69 | 8.84 | 13.03 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 0.43 | 2.32 | 3.57 |
| ROE (%) | 9.99 | 35.03 | 28.11 |
| ROCE (%) | 11.86 | 29.25 | 29.37 |
| D/E Ratio | NA | 0.72 | 0.49 |
| Current Ratio | 2.10 | 1.61 | 1.84 |
| EBITDA MARGIN (%) | 4.66 | 13.54 | 18.76 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Thinking Hats Entertainment Solutions Limited | 26.63 | 12.32 | 3.57 | 28.11 | 12.56 |
| E Factor Experiences Ltd | 148.56 | 14.20 | 13.63 | 30.48 | 38.50 |
| Inspire Films Ltd | 30.37 | 17.8 | 3.07 | 7.62 | 24.80 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 67.67 |
| Non-Institutional Investor (NII/HNI) | 356.81 |
| Retail Individual Investor (RII) | 347.64 |
| Total | 322.19 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MAS Services Limited
Phone: +91 112 638 7281/83, 114 132 0335
Email: ipo@masserv.com
Website: www.masserv.com
Company Promoters
- RAJESH BHARDWAJ
- GAURAV SINGHANIA
- SHRUTI SINGHANIA
Lead Managers
- HORIZON MANAGEMENT PRIVATE LIMITED
Company Address
Thinking Hats Entertainment Solutions Limited
KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai - 400 053, Maharashtra, India.
Phone: +91 981 033 4264
Email: info@thes.in
Website: www.thes.in
FAQs
- What is the issue size of the Thinking Hats Entertainment Solutions SME IPO?The Thinking Hats Entertainment Solutions SME IPO has an issue size of ₹15.09 crore. This includes a fresh issue of 34,29,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Thinking Hats Entertainment Solutions IPO?The price band for the Thinking Hats Entertainment Solutions IPO is ₹42 - ₹44 per share.
- What are the bidding dates for the Thinking Hats Entertainment Solutions IPO?The Thinking Hats Entertainment Solutions IPO will open for bidding on 25 Sep 2024 and close on 27 Sep 2024.
- What is the allotment date for the Thinking Hats Entertainment Solutions IPO?The allotment date for the Thinking Hats Entertainment Solutions IPO is 30 Sep 2024.
- What is the listing date for the Thinking Hats Entertainment Solutions IPO?The listing date for the Thinking Hats Entertainment Solutions IPO is 03 Oct 2024.
- What is the Thinking Hats Entertainment Solutions IPO grey market premium?The grey market premium (GMP) for the Thinking Hats Entertainment Solutions IPO is currently at ₹30, with an expected listing gain of approximately 68.18%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.