Thinking Hats Entertainment Solutions IPO subscription status began on Wednesday, September 25, 2024, and will close on September 27, 2024. The company plans to raise approximately ₹15.09 crores through this offering. Furthermore, the allocation includes 63.07% for retail investors, 9.97% for Qualified Institutional Buyers (QIB), and 26.96% for Non-Institutional Investors (NII). Additionally, the price band for each equity share is set between ₹42 and ₹44.
The IPO consists of a minimum market lot of 3000 Shares requiring an application amount of ₹132,000. Thinking Hats Entertainment Solutions is an SME IPO that will be listed on the NSE.
Also read: Thinking Hats Entertainment Solutions IPO: Dates, Pricing and Allotment 2024
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About Company
Thinking Hats Entertainment Solutions Private Limited was established on February 11, 2013, as a private limited company under the Companies Act, 1956, and received its certificate of incorporation from the Registrar of Companies, National Capital Territory of Delhi and Haryana. On August 18, 2023, the company transitioned into a public limited entity. Initially, Thinking Hats started as a concept development, event design, and production company specializing in live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), as well as social and virtual events. Moreover, it has steadily expanded its scope to become a leading OTT content production and experiential marketing firm, with a strong focus on content development, intellectual property creation, and tech-driven product innovation. Moreover, Thanks to their dedication and extensive experience, the team has successfully earned a reputation for consistently transforming clients’ visions into reality.
Additionally, The company’s event management services cater to a variety of sectors, including media, retail, finance, food, education, healthcare, and technology. Additionally, they offer a comprehensive range of display and retail visual merchandising solutions to retail stores, ensuring a wide array of in-store solutions.
Led by its key promoters—Rajesh Bhardwaj as Managing Director, Gaurav Singhania as Wholetime Director and CFO, and Shruti Singhania as Non-Executive Non-Independent Director—the company has successfully executed dynamic strategies that have expanded its service offerings and customer base. They have developed a diverse portfolio, gaining clients from various industries such as media, retail, finance, food, education, and technology.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Thinking Hats Entertainment Solutions IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 10.03 | 20.07 | 67.67 |
| NII | 7.78 | 30.52 | 356.81 |
| RII | 22.15 | 89.06 | 347.64 |
| Total | 17.07 | 66.42 | 322.19 |
Thinking Hats Entertainment Solutions IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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- May Apply
Thinking Hats Entertainment Solutions IPO Form
To apply for the Thinking Hats Entertainment Solutions IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription begins on September 25, 2024, for QIB, NII, and Retail Investors.
Additionally, You can easily subscribe via ASBA or non-ASBA options by applying online through your bank or by submitting a downloaded form to your broker.
To stay updated, visit our portal for hourly updates, or you can check the official IPO page on relevant websites.
Firstly, log into Zerodha, then go to Portfolio, select IPO, and choose “Thinking Hats Entertainment.” After entering your details, submit the application and approve the mandate in your UPI app.
Simply log into Upstox, select the IPO, confirm your application, and then approve the mandate via your UPI app.
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