Toss The Coin IPO 2024: Everything You Need to Know

The Toss The Coin IPO, set to launch on December 10, 2024, is a highly anticipated public offering in the SME segment. This article will provide comprehensive details about the IPO, including its price band, lot size, GMP (Grey Market Premium), and more, to help investors make informed decisions.

Toss The Coin IPO: Key Highlights

• IPO Open Date: December 10, 2024
• IPO Close Date: December 12, 2024
• Price Band: ₹172 to ₹182 per share
• Lot Size: 600 shares
• Issue Size: ₹9.17 crores
• Listing: BSE SME
• Listing Date: December 17, 2024
• Minimum Investment: ₹109,200 for retail investors

Toss The Coin IPO offers 504,000 shares through a book-built issue, with 95,400 shares allocated to QIBs (Qualified Institutional Buyers), 72,000 shares for NIIs (Non-Institutional Investors), 168,000 shares reserved for retail investors, and 142,800 shares for anchor investors.

This IPO is a fresh issue, meaning the company is raising capital by issuing new shares rather than selling existing ones. The proceeds from the IPO will help the company expand its marketing consulting services.

About Toss The Coin Ltd:

Incorporated in 2020, Toss The Coin Ltd is a marketing consulting company offering specialized services to B2B tech companies. They help businesses with branding, content development, website strategy, sales enablement, and AI solutions. The company is gaining momentum in the tech space with a focus on personalized, customer-centric marketing strategies.

Their diverse range of services includes:

• CMO Office: Strategic consulting for small and medium enterprises.
• GTM Office: Building brand identity, website strategy, and marketing collateral.
• Sales Enablement: Demand generation and performance management.
• Design Studio: Offering graphic design, UX/UI, and 3D designing services.
• Kathai AI Solutions: Creating AI-driven marketing tools.

Toss The Coin’s strength lies in its ability to provide tailored marketing solutions to tech B2B clients, leveraging their industry expertise and innovative approaches.

Toss The Coin IPO Financial Overview:

The company has shown steady growth over the past few years. However, their profit after tax (PAT) decreased by 38.39% in the financial year ending March 31, 2024, compared to the previous year. Despite this, Toss The Coin remains a promising player in the tech marketing sector, with a focus on continuous learning and adapting to market trends.

Toss The Coin IPO Subscription Status:

As of now, Toss The Coin IPO is attracting attention from investors. The grey market premium (GMP) for Toss The Coin IPO has been fluctuating, and market watchers are eager to see how it performs when it opens for subscription on December 10, 2024.

For the latest IPO GMP updates, check out this article on IPO GMP and Grey Market Premium.

How to Apply for Toss The Coin IPO:

Investors can apply for the Toss The Coin IPO through their brokerage account or via UPI-enabled platforms. The minimum lot size for retail investors is 600 shares, which requires an investment of ₹109,200. For High Net-Worth Individuals (HNI), a minimum of 2 lots (1,200 shares) must be subscribed, amounting to ₹218,400.

Toss The Coin IPO FAQs:

1. What is the price band for the Toss The Coin IPO?
The price band for the Toss The Coin IPO is ₹172 to ₹182 per share.

2. When does the Toss The Coin IPO open for subscription?
The IPO opens for subscription on December 10, 2024, and closes on December 12, 2024.

3. What is the lot size for the Toss The Coin IPO?
The minimum lot size is 600 shares, and retail investors must apply for a minimum of one lot.

4. How much do I need to invest in the Toss The Coin IPO?
Retail investors need to invest ₹109,200 for a single lot of 600 shares.

5. What is the Grey Market Premium (GMP) for Toss The Coin IPO?
The GMP for Toss The Coin IPO has fluctuated between ₹100 and ₹130 recently. For the most current GMP details, refer to IPO GMP and Grey Market Premium.

6. When will the Toss The Coin IPO list on the stock exchanges?
The IPO is expected to list on the BSE SME on December 17, 2024.

7. What is the issue size of the Toss The Coin IPO?
The total issue size is ₹9.17 crores, with a fresh issue of 504,000 shares.

For more information on IPOs, check out our articles on OFs vs IPOs: Key Differences and IPO Flipping.

Stay tuned to Tap Invest for updates on the Toss The Coin IPO and other investment opportunities.