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Thinking Hats Entertainment IPO
Price Band
₹42.0–44.0
Issue Size
₹15.09 Cr
Lot Size
3,000 shares
Min Investment
₹132,000
GMP
+₹30.0 (68.18%)
Issue Price
₹44.0
Subject to Sauda
₹68400
Paid only if allotted
Thinking Hats Entertainment IPO AI Summary
- Thinking Hats Entertainment IPO is listed on NSE SME in the Other Consumer Services sector.
- Price band: ₹42.0–₹44.0 per share, lot size 3,000 shares (min. investment ₹132,000).
- Subscription window: 25 Sep–27 Sep 2024, listing on 03 Oct 2024.
- Current GMP is +₹30.0 (68.18%), an estimated listing price of ₹74 — unofficial and can change daily.
Thinking Hats Entertainment Solutions Limited is an SME IPO focused on content creation and event management. With a strong growth trajectory in revenue and profit, the company aims to utilize the proceeds from this IPO for loan repayment, working capital, and general corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Thinking Hats Entertainment IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Thinking Hats Entertainment IPO Grey Market Premium (GMP) Today
GMP
+₹30.0
GMP %
+68.18%
Est. Listing
₹74.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in February 2013, Thinking Hats Entertainment Solutions Limited specializes in concept development, event design, and production for live events, corporate functions, MICE, social and virtual events, as well as OTT content production and experiential marketing with a focus on content development, intellectual property curation, and tech-centric product development. The company makes exclusive content for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc. The company has produced two web series for OTT platforms: "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2", as well as one Bengali movie titled "Onek Diner Pore". In addition to movies and OTT web series, we also create short films for YouTube content and corporate event movies. The company's clients include Tata Group, including Westside and Zudio, Goldman Sachs, McDonalds, and Uber, as well as media brands like The Times of India, HT Media, Network 18 Media & Investments, Radio Mirchi, and Fever Entertainment. Competitive Strength Talented team with a successful track record in event management, retail visual merchandising, and high-quality digital content creation. They have established connections with their clients and key figures in the entertainment industry, such as writers, directors, and streaming platforms. Strong brand recognition and a reputation for excellence in successful event management and retail visual merchandising. As of September 2024, the Company had 35 employees on payroll.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 24.03 | 14.57 | 6.41 |
| Total Income | 26.70 | 22.28 | 12.45 |
| Profit After Tax | 3.09 | 2.01 | 0.37 |
| NET Worth | 11.00 | 5.73 | 3.72 |
| Reserves and Surplus | 10.12 | 4.97 | 2.96 |
| Total Borrowing | 5.43 | 4.14 | 0.29 |
Key Ratios
EPS
₹3.41
NAV
₹12.56
ROE
28.11%
ROCE
29.37%
RoNW
28.11%
P/B Value
3.50
P/E Ratio
12.89
Market Cap
₹54.94 Cr
PAT Margin
11.61%
Debt/Equity
0.49
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Inspire Films Limited | 24.8 | 7.62% | 17.8 | 3.07 | 3.07 |
| E Factor Experiences Limited | 38.5 | 30.48% | 14.2 | 13.63 | 13.63 |
| Thinking Hats Entertainment Solutions Limited This IPO | 12.56 | 28.11% | — | 3.57 | 3.57 |
Promoters
Rajesh Bhardwaj, Gaurav Singhania and Shruti Singhania
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of all or a portion of certain loans availed by the Company; 2.00 2 Funding of working capital requirements of the Company 8.40 3 General corporate purposes 2.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹12.45 Cr in 31 Mar 2022, rising to ₹22.28 Cr by 31 Mar 2023, and further increasing to ₹26.70 Cr by 31 Mar 2024. This indicates a consistent growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.37 Cr in 31 Mar 2022, increasing to ₹2.01 Cr by 31 Mar 2023, and further rising to ₹3.09 Cr by 31 Mar 2024. This shows a positive trend in profitability over the reported periods.
Valuation
Thinking Hats Entertainment Solutions Limited has an implied P/E ratio of 12.89 at the issue price, compared to peers trading at P/E ratios of 14.2 to 17.8.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the market anticipates a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs in sectors with high volatility and uncertainty.
IPO Timeline, Explained
The IPO opens for subscription on 25th September 2024 and closes on 27th September 2024. Allotment of shares is expected by 30th September 2024, with listing on the stock exchange scheduled for 3rd October 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may open at a premium, others may not perform as expected. Investors should be prepared for potential fluctuations in stock price on the listing day.
This evaluation is generated from Thinking Hats Entertainment's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Thinking Hats Entertainment IPO GMP today?
Thinking Hats Entertainment IPO GMP today is +₹30.0 (68.18%), indicating an estimated listing price of ₹74. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Thinking Hats Entertainment IPO?
The price band of Thinking Hats Entertainment IPO is ₹42.0–₹44.0 per share.
When does Thinking Hats Entertainment IPO open and close?
Thinking Hats Entertainment IPO opens on 25 September 2024 and closes on 27 September 2024.
When does Thinking Hats Entertainment IPO list on the stock exchange?
Thinking Hats Entertainment IPO listed on 03 October 2024 at ₹74.0.
What is the lot size for Thinking Hats Entertainment IPO?
The lot size for Thinking Hats Entertainment IPO is 3000 shares, requiring a minimum investment of ₹132,000.
What is the price band for the IPO?
The price band for the IPO is ₹42.0 to ₹44.0.
What is the minimum investment required?
The minimum investment required is ₹132,000, which corresponds to a lot size of 3000 shares.
When does the IPO open and close?
The IPO opens on 25th September 2024 and closes on 27th September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the stock over the issue price before it officially lists.
When is the listing date?
The listing date is scheduled for 3rd October 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Sep 2024
Close
27 Sep 2024
Allotment
30 Sep 2024
Listing
03 Oct 2024
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