Thinking Hats Entertainment Solutions IPO Allotment Likely Today: How to Check Allotment Status Online
Thinking Hats Entertainment Solutions IPO allotment is likely today. Check how to view the SME IPO allotment status online, latest GMP, and listing date.
sme ipo allotment status New Delhi, – The Thinking Hats Entertainment Solutions IPO has captured significant investor attention with a robust subscription rate. As the bidding phase concluded on Friday, investors are now eagerly waiting for the allotment results, which are expected to be finalised today, September 30. The allotment marks a critical step for the IPO applicants, as they prepare to check whether they have received the much-anticipated shares of this fast-rising entertainment company.
The Thinking Hats Entertainment Solutions IPO was open for subscription from September 25 to September 27. The share allotment is likely to be determined today, and eligible investors will see their shares credited to their Demat accounts by October 1, 2024. Unsuccessful bidders will receive their refunds on the same date.
Key Details of the Thinking Hats Entertainment Solutions IPO
The Thinking Hats Entertainment Solutions IPO, an SME IPO, has garnered a total subscription of 322.19 times. This overwhelming response reflects the strong demand from different categories of investors, including retail, Qualified Institutional Bidders (QIB), and Non-Institutional Investors (NII).
- Subscription Breakdown:
- Retail Category: 347.64 times
- QIB Category: 67.67 times
- NII Category: 356.81 times
The company has set a price band of ₹42 to ₹44 per share for the IPO, raising a total of ₹15.09 crore at the upper price limit. The proceeds from the IPO will be utilised for loan repayments, working capital needs, and other general corporate purposes.
- IPO Price Range: ₹42 – ₹44 per share
- Total IPO Size: ₹15.09 crore
- Issue Type: Fresh issue of 34.29 lakh shares
Shares of Thinking Hats Entertainment Solutions Ltd are expected to be listed on the NSE SME platform on October 3, 2024.
How to Check Thinking Hats Entertainment Solutions IPO Allotment Status Online
Investors who applied for the Thinking Hats Entertainment Solutions IPO can check their allotment status online using either the NSE website or the official portal of the IPO registrar, Mas Services. Here’s a step-by-step guide to help you check your allotment status:
Step-by-Step Process to Check Allotment Status on Mas Services Portal
- Visit the Mas Services IPO allotment status page at this link.
- Select “Thinking Hats Entertainment Solutions Limited” from the dropdown menu.
- Choose the search option either by DP ID or PAN.
- Enter the required details as per your selected option.
- Click on “Search” to view your IPO allotment status.
You can also check the allotment status directly on the NSE website by following similar steps, ensuring you input your PAN, DP ID, or Application number correctly.
Thinking Hats Entertainment Solutions IPO Grey Market Premium (GMP) Today
As of today, the Thinking Hats Entertainment Solutions IPO Grey Market Premium (GMP) stands at ₹30 per share. This premium suggests that in the grey market, the shares are trading at a 68.18% premium to the IPO price of ₹44 per share.
- IPO Issue Price: ₹44 per share
- GMP Today: ₹30 per share
- Expected Listing Price: ₹74 per share
The grey market premium indicates a positive sentiment around the stock, with many anticipating strong gains once the stock is listed on the exchange.
Key Dates for Thinking Hats Entertainment Solutions IPO
- IPO Allotment Date: September 30, 2024
- Credit of Shares to Demat Account: October 1, 2024
- Refunds to Unsuccessful Bidders: October 1, 2024
- Listing Date on NSE SME: October 3, 2024
Conclusion
The Thinking Hats Entertainment Solutions IPO has seen a tremendous response, and the allotment date marks a significant milestone for investors. With a strong grey market premium and overwhelming subscription figures, the stock is expected to perform well once listed. Investors are advised to keep an eye on the official portals to check their allotment status and stay informed about the refund process if their application is unsuccessful.
As the entertainment solutions company gears up for its listing on the NSE SME platform on October 3, 2024, market watchers will be eager to see how this IPO performs, especially given the strong interest and grey market activity surrounding the issue.
