fbpx

Thinking Hats IPO GMP

Thinking Hats IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

Chanakyanipothi.com, a legacy of 31 Years.
India`s Oldest Investment & IPO website.
Most Trusted by Investors across India.

Table of Contents

Thinking Hats listing Review

We shall provide our detailed listing review, on listing of this IPO.

Thinking Hats IPO allotment Link

What was the last grey market premium of Thinking Hats IPO?

 GMP Rs. 

Subscription status of Thinking Hats IPO

 

 

What is the business of Thinking Hats?

Mach Conferences provides comprehensive array of services tailor made for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector. Its experience ranges for arranging small corporate events to large global events. It is specialized in conference management, Exhibition management and Global Event Planning. It also manages all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. It has a team of MICE and Events professionals working on the key essence of attention to detail, continuous budget control and endless creativity to help the client to explore new venues and new ways to impress its clients.

Majorly, its clientele is from Banking, Finance and Insurance Sector. However, it has worked for various industries including Hospitality, Infrastructure, FMCG etc. During last financial years i.e. 2023-24, it has completed 90 events including events conducted at London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore etc. The average revenue for the conducting such events in the FY 2023-24 was Rs. 263.62 lakhs per event

Get more information about the company

Thinking Hats IPO Details

IPO opens on  4 September 2024
IPO closes on  6 September 2024
Issue Type Book Built Issue IPO
Issue Size 5568000 Shares /
Rs 125.28 Crore
* Fresh Issue 5568000 Shares /
Rs 125.28 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 300000 Shares
Net offer to Public 5268000 Shares/
Rs.118.53 Crore
Face Value per share Rs. 10
Price Band Rs.214-225
Employee discount  Rs. 0 per share
Retail Lot Size  600 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2634000 59.27
NII  (15%)   790200 17.78
RII  (35%) 1843800 41.48
Total Shares  5268000 118.53
Retail portion will be oversubscribed by  3073
Forms
How much Shares to Apply in this IPO?
Min Retail Application 600 Shares Rs.135000
Min HNI Application  1200 Shares Rs.270000

Who are the Promoters of Thinking Hats IPO?

Amit Bhatia and Laveena Bhatia are the company promoters

What are the Objects of Thinking Hats IPO?

The Offer comprises of fresh issue of shares.

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purpose

Tentative timetable

IPO opens on 4 September 2024
IPO Closes on 6 September 2024
IPO Allotment on  9 September 2024
Refund Initiation  10 September 2024
Credit of Shares 10 September 2024
Listing on 11 September 2024
Registered Office of the Company
Mach Conferences and Events Limited
Office No-4, 2nd/Floor, Master Space, Plot No-27,Kh/Mustatil No.-154, Killa No-19/2,
Uggarsain Park
Najafgarh Street No 2, Najafgarh,
NewDelhi 110043
Who is the Lead Manager of this IPO?
Beeline Capital Advisors Pvt ltd

Who is the Registrar to IPO?
Skyline Financial Services Limited

Thinking Hats IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Thinking Hats IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22   23.84 -2.60 -1.39 -19
2022-23 141.94 8.81 4.68 39
2023-24  238.94 26.18 13.92 53
Book Value of the
Share on 31.03.2024
Rs 26.35    
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. 225    

IPO
Key Performance indicators

Price/EPS of 23-24 16.16
Price/BV Ratio 8.54
Price/BV after IPO    


How Thinking Hats IPO
compares with the Peers?

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Crore  
Mach Conference 10 237 16.16
Exhicon Events 10 41 69.28
Touchwood Entertainment 10 33 39.67
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Thinking Hats IPO Review

Mach Conferences provides comprehensive array of services tailor made for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector.

Size:  Net size of the IPO is Rs.118.53 crore, comprising of 5268000 shares. The size of the IPO is very large and so oversubscription is a bit difficult.
Financial Snapshot:
The company has shown sharp rise in its bottomline in the year prior to the IPO.  
+ from fundamental angle: Must Apply
+ from grey market angle: ?

Quicklinks

Thinking Hats IPO GMP today allotment, review?

Thinking Hats IPO GMP grey market premium

Thinking Hats IPO FAQs

What is Thinking Hats IPO
?

This is a SME IPO of 5568000 equity shares of the face value of Rs. 10 aggregating up to Rs.125.28 Crores. The issue is priced at Rs.214-225 per share. The minimum order quantity is 600 Shares.

When will Thinking Hats IPO subscription open?

Thinking Hats IPO opens on September 4, 2024, and closes on September 8, 2024.

What is the lot size of Thinking Hats IPO?

Thinking Hats IPO lot size is 600 Shares, and the minimum amount required is Rs.135000

How to apply for Thinking Hats IPO?

You can apply in Thinking Hats IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Thinking Hats IPO allotment?

The finalization of Basis of Allotment for Thinking Hats IPO will be done on September 9, 2024, and the allotted shares will be credited to your demat account by September 10, 2024.

When is Thinking Hats IPO listing date?

Thinking Hats IPO listing date is September 11, 2024.

Leave a Reply

Your email address will not be published. Required fields are marked *