Thinking Hats SME IPO: The allocation for retailers got 1,52,957 applications or 45,88,71,000 bids on Day 3 so far.The SME (small and medium-sized enterprise) IPO market is getting crazier with each passing day. To substantiate this, one must look at the initial public offering of Thinking Hats Entertainment Solutions Ltd on NSE. The Rs 15 crore IPO has received bids worth more than Rs 2,525 crore so far on the closing day. The robust demand was led by retail investors who made bids worth over Rs 2,019 crore.
The initial share sale of Thinking Hats has been subscribed 167.38 times so far on Friday, its final day of bidding. As per NSE, investors placed bids for 57,39,36,000 equity shares compared to the 34,29,000 equity shares offered.
The allocation for retailers got 1,52,957 applications or 45,88,71,000 bids on Day 3 so far, while the portion reserved for non-institutional investors (NIIs) received 9,228 applications or 11,05,62,000 bids. The qualified institutional buyers (QIBs) category saw five applications or 65,16,000 bids.
The IPO, which concludes today, is entirely a fresh equity issue of 32.49 lakh shares. And, the company plans to raise Rs 15.08 crore via the issue. It has fixed the IPO price band in the range of Rs 42 to Rs 44 per share.
The minimum lot size for an application is 3,000 shares and the minimum investment amount required by retail investors is Rs 1,32,000. The minimum lot size investment for HNI (high net-worth individual) is two lots (6,000 shares) amounting to Rs 2,64,000.
Mas Services Ltd is the registrar for Thinking Hats IPO whereas Horizon Financial is the book-running lead manager for the issue. The market maker for the NSE SME issue is Giriraj Stock Broking.
Latest GMP
The shares of Thinking Hats Entertainment are in high demand in the unlisted market, commanding a grey market premium (GMP) of over 68 per cent as against the IPO price.
The company's shares are likely to be listed on the NSE SME platform, Emerge, on October 3.
Where are the jobs: Youth unemployment remains high; fewer jobs for those with higher education in India
Infosys, OFSS, Coforge shares rally up to 4%; all 10 Nifty IT index stocks rise
Nitin Gadkari moves Bombay High Court against viral E20 deepfakes, hits Meta with suit 
Brezza goes turbo: Maruti Suzuki packs more power, more tech to woo Gen Z SUV buyers with a starting price tag of ₹7.4 lakh
Tata Consumer stock: Tata Group's FMCG arm reacts to Q1 earnings show 
Top Small-Cap Bets Revealed! Why InCred Asset Management Is Bullish On These Stocks
Fund Manager Reveals Top Portfolio Bets! Stocks Backed For Long-Term Growth
PM Modi's 3 Key Announcements For Students | Exam Reforms, Fast-Track Courts, & Nandan Nilekani
CJP Protest Ends As Pradhan Steps Down, Tougher Anti-Leak Bill Set For Parliament
Upcoming IPO Boom: Why Investors Should Not Apply For Every New IPO Blindly
Upcoming IPOs: Zepto, Shiprocket, Truhome & others eye to raise Rs 25,000 crore in August
Caliber Mining shares extend rally, jump 18% to hit fresh high after strong listing; analysts advise caution
Healthcare sector: Bullish on HCG, Thyrocare and FDC shares, says InCred AMC CIO Infosys, OFSS, Coforge shares rally up to 4%; all 10 Nifty IT index stocks rise
Infosys fined €175,000 by French authority over employee time tracking system; says no material business impact
Apple may stop accepting iPhone Upgrade Program sign-ups; New ‘Apple Upgrade’ plan coming this week
Govt says youth employment indicators improved in 2025; unemployment rate falls to 9.9%Top Small-Cap Bets Revealed! Why InCred Asset Management Is Bullish On These Stocks
Virat Kohli surprises Jos Buttler with One8 shoes, Instagram erupts in joyFund Manager Reveals Top Portfolio Bets! Stocks Backed For Long-Term Growth
