Thinking Hats Entertainment Solutions IPO allotment: Steps to check status on NSE, Mas Services

Thinking Hats Entertainment Solutions Limited IPO share allotment status is expected to be finalised on Monday, September 30, after the successful subscription.

The ₹15.09-crore public offer was open for subscription from September 25 to September 27. The IPO saw robust demand, with the issue being subscribed to 322.24 times across investor categories.

The investors, who participated in the Thinking Hats Entertainment Solutions IPO, can check the share allotment status online by following a few simple steps:

Steps to check IPO share allotment status on registrar website:

• Go to MAS Services Limited website https://www.masserv.com/opt.asp
• Click on the IPO allotment status link on the home page
• Click on the link to check Thinking Hats Entertainment Solutions IPO allotment status
• Choose any one of the two options- Dp id/Client id, PAN
• Enter details
• Click on Submit to check the allotment status

It’s important to note that the link to check Thinking Hats Entertainment Solutions IPO on the registrar's website will appear only after the company finalises the share allocation.

Steps to check Thinking Hats Entertainment Solutions IPO share allotment status on NSE

• Go to NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password
• Select Thinking Hats Entertainment
• Verify PAN
• Enter IPO application No
• Click on Submit

The investors need to register on the NSE website before checking the IPO share allotment status.

Thinking Hats Entertainment Solutions IPO details

The ₹15.09-crore book-built offer of Thinking Hats Entertainment Solutions Limited consisted entirely of a fresh issue of 34.29 lakh shares. The IPO price band was fixed at ₹42 to ₹44 per share. The minimum lot size for the retail investors was set at 3,000 shares, which aggregated to an investment of ₹1,32,000.

Thinking Hats Entertainment's IPO opened for subscription on Wednesday, September 25, and closed on Friday, September 27.

Subsequent to the allotment of shares, refunds will be initiated for unsuccessful bidders on Tuesday, October 1, and shares will also be transferred to the demat accounts of the allottees the same day.

Shares of the company were to list on the NSE SME platform, Emerge. Thinking Hats Entertainment Solutions IPO listing date has been tentatively fixed as October 3.

The NSE SME issue was subscribed 322.24 times across investor categories. The IPO was booked 357 times in the Non-Institutional Investors’ (NIIs) category while the retail portion was booked 347.63 times. The Qualified Institutional Buyers (QIBs) booked their quota 67.66 times.

Thinking Hats Entertainment Solutions intends to utilise the funds raised from the public issue to repay company loans and support its working capital needs. Additionally, the proceeds will be allocated for general corporate purposes.

About Thinking Hats Entertainment Solutions Limited

Thinking Hats Entertainment Solutions was established in February 2013. The company specialises in event management services for live events, MICE (Meetings, Incentives, Conferences, and Exhibitions), as well as social and virtual events. Additionally, it provides OTT content production and experiential marketing services. As of September 2024, the company had 35 employees on its payroll.