Mon Sep 30 19:51:51 UTC 2024: ## Thinking Hats Entertainment Solutions to Go Public with IPO Aiming to Raise ₹15.08 Crores

**Mumbai, September 23, 2024:** Thinking Hats Entertainment Solutions Limited, a leading player in event management and OTT content production, is set to go public with an Initial Public Offering (IPO) on September 25, 2024. The company aims to raise ₹15.08 Crores at the upper band through the IPO, with shares expected to be listed on the NSE Emerge platform.

The IPO comprises up to 34,29,000 equity shares at a face value of ₹10 each. The net proceeds from the IPO will be utilized for prepayment or repayment of loans, funding working capital requirements, and general corporate purposes. The issue will open for subscription from September 25, 2024, and close on September 27, 2024. Horizon Management Private Limited is the Book Running Lead Manager to the Issue, while Mas Services Limited is the Registrar.

“Thinking Hats has grown remarkably from its origins in event management to become a leading player in the entertainment and digital arenas. With over a decade of experience, we have earned a reputation for creativity and innovation, delivering tailored solutions across sectors,” said Rajesh Bhardwaj, Managing Director of Thinking Hats Entertainment Solutions Limited.

Gaurav Singhania, Director of Thinking Hats Entertainment Solutions Limited, highlighted the company’s transition from a premier event management company to a dynamic player in the entertainment industry specializing in OTT content production, experiential marketing, and tech-enabled solutions. He emphasized the company’s focus on digital transformation and expanding its presence in both event management and OTT content creation, citing their involvement in projects like “Udankhatola,” “Tatkal,” and “Therapy Sherapy.”

Manav Goenka, President – Investment Banking of Horizon Management Private Limited, stated, “The growth of Thinking Hats Entertainment Solutions Limited reflects their deep understanding of the event and entertainment industry and their relentless drive to create impactful experiences.” He praised the company’s ability to adapt to evolving global trends and their commitment to hybrid and digital events, alongside live experiential marketing.

The IPO is seen as a significant milestone in Thinking Hats Entertainment Solutions Limited’s journey, with the company poised to continue shaping the future of the events and exhibitions sector.

**Disclaimer:** This article is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.

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