About the Company:
Thinking Hats Entertainment Solutions Ltd has evolved from a premier concept development, event design and production company that specializes in live events, corporate, social and virtual events to an OTT content production and experiential marketing company with a strong focus on content development, intellectual property curation and tech centric product development.
Company has more than a decade of experience in creating events and experiences, Thinking Hats is a team of visionaries who convert clients dreams into reality.
Since incorporation, Company has been offering event management services related to Corporates Events, Corporate Meetings, Conference Management, Brands and Product Launches, Lifestyle and Fashion Events, Exhibitions & Fairs, Entertainment Show Management, Pan-India Ground Activations and Artist Management among others in India.
Company’s Event Management services are offered from Media, Retail, Financial, Food, Education, Healthcare and Technology industries. Company also provides prominent display and retail visual merchandise with a broad spectrum of offerings and in-store solutions to various retail stores.
Services Offered by the Company:
Event Management Services consist of:
- Event Management including product and brand launches.
- Artist Management.
- Activations / Exhibitions.
- Gifting and Merchandising.
- Virtual Events.
Retail Visual Merchandising consist of:
- In-store design solutions.
- Interior displays.
- Store layout.
- Point of Purchase and Point of Sales display (PoP and PoS display).
- Exterior display.
- Signages.
Digital content creation comprises of:
- Movies production.
- OTT movies or Web Series Production.
- YouTube Shoots.
- Commercial Shoots.
- Event Shoots.
- Digital Filmmaking.
Company’s Segment wise Revenue Breakup:
Company’s Management Team:
Company is led by a group of individuals, having a strong background and extensive experience in the event management and entertainment industry.
Company’s Promoters, Rajesh Bhardwaj, Managing Director, Gaurav Singhania, Whole time Director and CFO, and Shruti Singhania, Non-Executive Non- Independent have been leading our Company’s strategy and operations.
Under their guidance, Company has been able to achieve a dynamic service and customer portfolio adding clients under various genres from Media, Retail, Financial, Food, Education and Technology industries. They are responsible for expanding business horizons, corporate strategy, leadership and management, financial performance
Company’s Client list includes names like:
- Tata Group companies like Westside and Zudio.
- Goldman Sachs.
- McDonalds.
- Uber.
- Times of India.
- HT Media.
- Network 18 Media & Investments.
- Radio Mirchi and Fever Entertainment.
Company’s OTT Business:
With exclusive content made for platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc.
OTT Platforms have become increasingly popular in recent years due to their convenience and flexibility, allowing consumers to watch their favourite shows and movies on a variety of devices, including smartphones, tablets, laptops, and smart TVs. They also offer a wider range of content options compared to traditional cable TV.
The contracts for OTT are typically 6 to 10 episodes for 45- 60-minute episodes, which then gets extended to multiple seasons based on the popularity of the series. Realising the opportunity in OTT space and the expertise of management team, our Company has ventured into production of OTT contents in the year 2019.
Company’s three projects streaming on Sony Liv, Zee5 and MX Player namely ‘Kathmandu Connection 2’, ‘Onek Diner Pore’ and ‘Aapkey Kamrey Me Koi Rehta Hai’.
Company is also set to release soon three more exciting projects, out of which two web-series are under post-production phase presently titled ‘Tatkal’ and ‘Therapy Sherapy’. Another untitled project is a mythological animation feature film is in pre-production stage.
Management Team:
- Mr. Rajesh Bhardwaj (Designation: Managing Director)
- Mr. Gaurav Singhania (Designation: Whole-time Director and Chief Financial Officer)
Objectives of the Issue:
Fresh Issue: (Rs.15.08 cr)
- 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.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Prepayment or repayment of all or a portion of certain loans availed by our Company | 2.0 cr |
| Funding of working capital requirements of our Company | 8.4 cr |
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | FY 24 |
|---|---|---|---|
| Revenue | 12.45 | 22.27 | 26.70 |
| Net Profit | 0.37 | 2.0 | 3.09 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Thinking Hats Entertainment Solutions Ltd | 10 | 3.57 | 12.32 | 28.11% | 12.56 |
| E Factor Experiences Ltd | 10 | 13.63 | 14.20 | 30.48% | 38.50 |
| Inspire Films Ltd | 10 | 3.07 | 17.8 | 7.62% | 24.80 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 25th September 2024 |
| Issue Closes on | 27th September 2024 |
| Issue Price | Rs.42 -44 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 Shares |
| Minimum Investment | Rs.1,32,000 |
| Issue Constitutes | 27.46 % |
| Issue Size | Rs.15.08 cr |
| Market Cap | Rs.54.94 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 34,29,000 (Rs.15.08 cr) |
| Equity Shares Prior to the Issue | 90,58,150 |
| Equity Shares after the Issue | 1,24,87,150 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio (D/E) |
|---|---|---|---|---|
| 3.57 | 12.32 | 28.11% | 12.56 | 0.49 |
Also Read: Complete List of NSE/BSE Holidays List>>
Important Dates:
| Finalization of Basis of Allotment | on or Before 30th September 2024 |
| Initiation of Refunds | on or Before 1st October 2024 |
| Credit of Equity Shares: | on or Before 1st October 2024 |
| Listing Date: | on or Before 3rd October 2024 |
| Company Contact Info: |
|---|
| Thinking Hats Entertainment Solutions Ltd KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai – 400 053, Maharashtra, India. Telephone: +91 981 0334264 Email: info@thes.in Website: www.thes.in |
| Registrar to the Issue: |
|---|
| MAS Services Limited T-34, 2nd Floor, Okhla Industrial Area, Phase-II New Delhi- 110 020, Delhi, India. Telephone: +91 112 638 7281/83, 114 132 0335 Facsimile: +91 112 638 7384 E-mail: ipo@masserv.com Website: https://www.masserv.com/ |
| Check IPO Allotment Status: |
|---|
MAS Services Website: http://MASServices/IPO/Allotment_Status |
