Toss The Coin IPO is a book-built issue amounting to ₹9.17 crores. This issue comprises a complete fresh issue of 5.04 lakh shares.
The subscription period for the Toss The Coin IPO begins on December 10, 2024, and concludes on December 12, 2024. The allotment process is expected to be finalized on Friday, December 13, 2024. The IPO is scheduled to list on the BSE SME platform, with the tentative listing date set for Tuesday, December 17, 2024.
Toss The Coin operates in the marketing and advertising sector. They are a marketing consulting firm that provides a range of services, including marketing strategy, pre-sales support, lead generation, branding, and communications. Their focus is on delivering fresh, modern perspectives to help businesses enhance their brand identity and presence.
The price band for Toss The Coin IPO is set between ₹172 and ₹182 per share. Investors must apply for a minimum lot size of 600 shares, requiring a minimum investment of ₹109,200 for retail investors. High Net-worth Individuals (HNIs) must invest in at least two lots, or 1,200 shares, amounting to ₹218,400.
Beeline Capital Advisors Pvt Ltd is acting as the book-running lead manager for this IPO, while Link Intime India Private Ltd serves as the registrar. The market maker for Toss The Coin IPO is Spread X Securities.
Toss The Coin IPO Details:
| Company Name | Toss The Coin Limited |
| Sector | Marketing and Advertising |
| IPO Type | SME |
| IPO Open date | 10th Dec 2024 |
| IPO Close date | 12th Dec 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Toss The Coin IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | 1,09,200 |
| HNI (Min) | 2 | 1200 | 2,18,400 |
Toss The Coin IPO Timeline:
| IPO Open Date | 10th Dec 2024 |
| IPO Close Date | 12th Dec 2024 |
| Basis of Allotment | 13th Dec 2024 |
| Refund Initiation Date | 16th Dec 2024 |
| Shares Credit to Demat | 16th Dec 2024 |
| Listing Date | 17th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Toss The Coin’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Marketing and Advertising Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Toss The Coin and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
