- Toss The Coin IPO opens for subscription from December 10 to December 12, 2024.
- Price band: ₹172 to ₹182 per share.
- Minimum lot size for retail investors: 600 shares (₹109,200).
- The issue size is ₹9.17 crore, and the shares will be listed on BSE SME.
- The company specializes in marketing consulting services for B2B tech companies.
Toss The Coin Limited, a marketing consulting firm, is launching its Initial Public Offering (IPO) with an issue size of Rs 9.17 crores. The IPO will consist of 5.04 lakh shares and is set to open for subscription on December 10, 2024, and close on December 12, 2024. The tentative listing date on the BSE SME platform is December 17, 2024.
Here are all the important details you need to know about the Toss The Coin IPO:
Toss The Coin IPO Overview
- IPO Issue Size: ₹9.17 Crores
- Shares Offered: 5.04 lakh shares
- Issue Type: Book Built Issue
- Face Value: ₹10 per share
- Price Band: ₹172 to ₹182 per share
- Listing Exchange: BSE SME
Key Dates:
| Event | Date |
|---|---|
| IPO Open Date | December 10, 2024 |
| IPO Close Date | December 12, 2024 |
| Basis of Allotment | December 13, 2024 |
| Refunds Initiation | December 16, 2024 |
| Shares Credit to Demat | December 16, 2024 |
| Listing Date | December 17, 2024 |
| UPI Mandate Cut-off | December 12, 2024, 5:00 PM |
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Lot Size and Investment Details:
- Retail Investors: Minimum 600 shares (₹109,200)
- HNI Investors: Minimum 1,200 shares (₹218,400)
Reservation Categories:
- QIB (Qualified Institutional Buyers): Up to 50% of the net issue
- Retail Investors: At least 35% of the net issue
- NII (Non-Institutional Investors): At least 15% of the net issue
Toss The Coin IPO Anchor Investors:
Toss The Coin IPO raised Rs 2.60 crore from anchor investors, with shares offered being 142,800. The lock-in period for 50% of the shares is 30 days, ending on January 12, 2025, and for the remaining 50%, it is 90 days, ending on March 13, 2025.
Company Background:
Incorporated in 2020, Toss The Coin is a marketing consulting company specializing in B2B tech companies. The company offers services such as GTM strategies, branding, content development, design, website strategy, social media campaigns, and more. It currently has 43 employees as of September 30, 2024.
Financial Performance:
Toss The Coin’s financials have shown a revenue increase of 2.49%, but the profit after tax (PAT) has declined by 38.39% in the fiscal year ending March 31, 2024, compared to the previous year.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹595.49 Lakhs | ₹515.47 Lakhs | ₹450.41 Lakhs | ₹243.40 Lakhs |
| Revenue | ₹438.68 Lakhs | ₹495.53 Lakhs | ₹483.48 Lakhs | ₹299.85 Lakhs |
| Profit After Tax (PAT) | ₹116.14 Lakhs | ₹109.85 Lakhs | ₹178.29 Lakhs | ₹104.98 Lakhs |
| Net Worth | ₹498.99 Lakhs | ₹445.85 Lakhs | ₹361.20 Lakhs | ₹190.47 Lakhs |
| Reserves and Surplus | ₹360.39 Lakhs | ₹433.25 Lakhs | ₹348.60 Lakhs | ₹177.87 Lakhs |
| Total Borrowing | ₹0.15 Lakhs | – | – | – |
Purpose of the Issue:
The company plans to utilize the proceeds from the IPO to:
- General corporate purposes
- Fund capital expenditures for developing microservices applications
- Open new offices
- Meet working capital requirements
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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