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TCS, HDFCBANK, SBI Liquid Fund (G)
Thinking Hats Entertainment Solutions Ltd.

THESL

Equity

NSE

Min. Investment

42,000.00

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IPO Details

Bidding Dates

25 Sept 24 - 27 Sept 24

Price Range ₹

42 - 44

Total Equity

15.18Cr

Lot Size

3000

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

25 Sept 2024

Offer end

27 Sept 2024

Allotment

30 Sept 2024

Refund initiation

01 Oct 2024

Demat transfer

01 Oct 2024

Listing

03 Oct 2024

About Company

Thinking Hats Entertainment Solutions Limited, incorporated in February 2013, specializes in concept development, event design, and production for live events, corporate functions, MICE, social and virtual events. The company also focuses on OTT content production and experiential marketing, with an emphasis on content development, intellectual property curation, and tech-centric product development. The company creates exclusive content for leading OTT platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+ Hotstar, Voot, and Zee5. It has produced notable web series for OTT platforms, including "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2", as well as the Bengali film "Onek Diner Pore". In addition to movies and OTT series, the company also produces short films for YouTube and corporate event films. Thinking Hats counts prominent brands like Tata Group (Westside and Zudio), Goldman Sachs, McDonald's, and Uber among its clients, along with media giants such as The Times of India, HT Media, Network 18, Radio Mirchi, and Fever Entertainment. Competitive Strengths: - A skilled team with a proven track record in event management, retail visual merchandising, and high-quality digital content creation. - Well-established relationships with clients and influential figures in the entertainment industry, including writers, directors, and major streaming platforms. - Strong brand recognition and a reputation for delivering successful events and exceptional retail visual merchandising. - Expertise in developing unique intellectual properties and tech-driven content solutions. - As of September 2024, the company had a dedicated workforce of 35 employees.

Year Founded

11-02-2013

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage78.2956.79
Share Capital70912507091250

Offer to Public

34,50,000.00 Cr

Project Details

  • Prepayment or repayment of all or a portion of certain loans availed by our Company - 20cr
  • Funding of working capital requirements of our Company - 90cr

Objectives

  • Prepayment or repayment of all or a portion of certain loans availed by our Company
  • Funding of working capital requirements of our Company
  • General Corporate Purposes.

Highlights

  • A diversified service portfolio with over a decade of experience.
  • Broad geographical presence enhancing market reach.
  • Strong in-house concept creation and design expertise.
  • Impressive roster of marquee clients, demonstrating trust and credibility.
  • A well-experienced management team with proven project management skills.

Challenges

  • The company heavily relies on its event management division for revenue; any decline in customer engagement could adversely impact its business and financial performance.
  • Exposure to claims related to inadequate performance and defects in managed events may negatively affect the company's financial conditions and results.
  • Seasonal fluctuations in business can affect cash flows and operational stability.
  • Dependence on a limited number of long-term customers means that losing any key client could significantly harm revenues.
  • The company faces risks related to statutory and regulatory compliance; failure to obtain or maintain necessary licenses could materially affect its operations and financial condition.
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