ENA MSME 2024-10-03 16:16:01 <p><span style="font-size:14px"><strong>New Delhi, Oct 3 (KNN)</strong> In a notable market debut on October 3, Thinking Hats Entertainment Solutions saw its shares list at a premium of over 36 percent on the NSE SME platform.</span></p> <p><span style="font-size:14px">The stock opened at Rs 60, significantly above its issue price of Rs 44 per share, despite prevailing sluggish conditions in the broader market.</span></p> <p><span style="font-size:14px">While the listing gains were substantial, they fell short of grey market expectations, where shares had been trading at a premium of nearly 70 percent.</span></p> <p><span style="font-size:14px">The grey market, an unofficial trading ecosystem operating before the official listing, often serves as an indicator of investor sentiment.</span></p> <p><span style="font-size:14px">The company's initial public offering (IPO) of Rs 15.1 crore, comprising a fresh issue of 34.29 lakh shares, garnered overwhelming investor interest.</span></p> <p><span style="font-size:14px">The issue was oversubscribed by an impressive 322 times during its three-day subscription period. Non-institutional investors led the charge, subscribing 357 times their allotted quota, closely followed by retail investors at 347 times.</span></p> <p><span style="font-size:14px">Qualified institutional buyers also showed strong interest, subscribing 68 times their reserved portion.</span></p> <p><span style="font-size:14px">Thinking Hats Entertainment Solutions Limited, established in February 2013, has carved a niche in the entertainment industry.</span></p> <p><span style="font-size:14px">The company specialises in concept development, event design, and production for a wide range of events, including live performances, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social gatherings, and virtual events.</span></p> <p><span style="font-size:14px">Additionally, the firm has expanded into OTT content production and experiential marketing.</span></p> <p><span style="font-size:14px">With a focus on content development, intellectual property curation, and tech-driven product innovation, Thinking Hats Entertainment Solutions has established partnerships with major OTT platforms.</span></p> <p><span style="font-size:14px">The company creates exclusive content for industry leaders such as Netflix, Amazon, Sony Liv, MX Player, Disney+ Hotstar, Voot, and Zee5.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39480 https://knnindia.co.in/news/newsdetails/msme/thinking-hats-entertainment-lists-at-36-premium-on-nse-sme-platform 2024-10-03 16:16:01 knnindia.co.in