Thinking Hats Entertainment Solutions IPO

Apply 0
Avoid 0

Thinking Hats Entertainment Solutions Limited was incorporated on February 11, 2013, under the name ‘Thinking Hats Entertainment Solutions Private Limited’. Initially based in New Delhi, the company shifted its registered office to Maharashtra in 2019 for administrative convenience. Over the past decade, Thinking Hats has transformed from a specialized event management and visual merchandising company into a multifaceted business that now focuses on OTT content production, experiential marketing, and digital content creation. With expertise in both the B2B event management sector and the burgeoning OTT industry, Thinking Hats has established itself as a leader in its field.

Core Business Verticals

Thinking Hats operates in three primary business verticals:

1. Event Management Services:

a) Corporate and Product Launches: The company provides comprehensive event management services for corporate events, brand launches, and large-scale entertainment shows.

b) Artist Management: Curates and manages talent for events.

c) Exhibitions and Activations: Organizes and manages exhibitions and ground activations, targeting different sectors.

d) Gifting and Merchandising: Offers bespoke merchandise and gifting solutions for clients.

e) Virtual Events: Delivers tailored solutions for hosting virtual conferences and events.

2. Retail Visual Merchandising:

a) In-store Design Solutions: Creates bespoke store layouts and designs for optimizing the in-store experience.

b) Interior and Exterior Displays: Designs captivating displays to attract customers while maintaining brand coherence.

c) Point of Purchase (PoP) and Point of Sales (PoS) Displays: Specializes in crafting displays that encourage impulse purchases and drive customer engagement.

3. Digital Content Creation:

a) OTT Movies and Web Series Production: Creates content for OTT platforms, producing high-quality web series, movies, and documentaries.

b) Commercial and Event Shoots: Produces visually compelling commercials, event films, and other corporate media.

c) Digital Filmmaking: Utilizes cutting-edge technology to produce digital films across various formats.

Key Achievements

1. OTT Productions: Thinking Hats has successfully produced web series and films for major OTT platforms, including Netflix and Amazon Prime.

2. Industry Recognition: The company has garnered attention for its content development and experiential marketing capabilities, establishing itself as a preferred partner for leading brands.

3. Expanding Digital Presence: Recognizing the importance of emerging digital trends, Thinking Hats is actively investing in AI, AR, and VR, expanding its scope beyond traditional media to incorporate new-age technologies in its projects.

Evolution and Expansion into OTT Production

Thinking Hats expanded into the OTT content production space in 2019, leveraging the rising demand for digital content across platforms like Netflix, Amazon Prime, Sony Liv, Disney+ Hotstar, and Zee5. Since its entry into the OTT space, the company has produced notable works. The company also produces short films and corporate event movies, further broadening its reach in the entertainment industry.

Future Outlook

Thinking Hats aims to continue its expansion into the OTT and digital content creation space, with plans to further explore AI, AR, VR, and other cutting-edge technologies to enhance its product offerings. The company is poised to capitalize on the growth of OTT platforms and the increasing demand for experiential marketing and event management solutions.

Objects of the Thinking Hats Entertainment Solutions IPO:

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 1. Prepayment or repayment of all or a portion of certain loans availed by the Company 2. Funding of working capital requirements of our Company 3. General Corporate Purposes

Thinking Hats Entertainment Solutions IPO Details:

Open Date: Sep 25 2024
Close Date: Sep 27 2024
Total Shares: 3,429,000 shares
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue
Issue Size: 15.09 Cr.
Lot Size: 3000 Shares Shares
Issue Price: ₹ 42 - 44 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 03 2024

Promoters And Management:

Rajesh Bhardwaj, aged 48 years, is the Promoter and Managing Director of our Company. He is undergraduate. He has experience of more than two decades in the entertainment industry. He has played a key role in growth and development of the Company to the present level. Presently, he oversees Over the top (OTT) division and expansion of our Company. He is associated with our Company since May 9, 2014. Gaurav Singhania, aged 41 years, is the Promoter and Whole-time Director and Chief Financial Officer of our Company. He holds a bachelor’s degree in commerce from University of Delhi. In the past, he was associated with Bobcards Limited in the capacity of officer (Grade F); with Pantaloon Retail (India) Limited in the capacity of management trainee; with Ballarpur Industries Limited in the management cadre (Level 3). He is having more than fifteen years of experience in the marketing, corporate branding, finance and accounts. He has 143 played a key role in growth and development of the Company to the present level. Presently, he oversees overall operation of our Company. He is associated with our Company since May 30, 2023. Shruti Singhania, aged 39 years, is one of the Promoters and the Non-Executive and Non-Independent Director of our Company. She attended Shreeram College of Commerce, University of Delhi to pursue bachelor’s degree in arts (economic). She also attended the University of Delhi to pursue post-graduate programme in Economics. She is presently working as Deputy General Manager with Polyplex Corporation Limited. In the past, she was associated with Trident Group. She is having more than 17 years of experience in finance, treasury, risk management and investment. She is associated with our Company since May 28, 2024.

Financials of Thinking Hats Entertainment Solutions IPO:

Particular (In lakh) Mar-24 Mar-23 Mar-22
Revenue from Operations 2,663 2,215 1,160
Cost of Material Consumed 1757 1586 662
Change in Inventories 0 0 309
Employee Cost 252 222 153
Other Expenses 161 120 66
EBITDA 493 287 -30
EBIDTA Margin 18.51% 12.96% -2.59%
Other income 7 13 85
Depreciation 17 10 6
Interest 52 15 0
Profit before tax 431 275 48
Tax 122 74 11
Net profit 309 201 37
NPM (%) 11.57% 9.02% 2.97%
EPS 2.47 1.61 0.30

Comparison With Peers:

Name of the Companies Revenue (Cr) Profit (Cr) EPS P/E CMP Mcap (cr)
Thinking Hats Entertainment 26.6 3 2.47 17.8 44 55
E Factor Experiences Ltd 149 15 11.7 19.4 227 297
Inspire Films Ltd 30 2.5 1.89 17.5 33 45
All the data is as per FY24

Lead Manager of Thinking Hats Entertainment Solutions IPO:

  1. Horizon Financial Pvt Ltd

Registrar of Thinking Hats Entertainment Solutions IPO:

  1. MAS Services limted

Discussion on Thinking Hats Entertainment Solutions IPO:

Leave a Reply