IPO Details
Bidding Dates
10 Dec '24 - 12 Dec '24
Minimum Investment
₹1,09,200 / 1 Lot (600 Shares)
Price Range
₹172 - ₹182
Maximum Investment
₹1,09,200 / 1 Lot (600 Shares)
Retail Discount
To be announced
Issue Size
₹9.17 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Toss The Coin IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Dec 10, 2024
Closing Date
Dec 12, 2024
Basis of Allotment
Dec 13, 2024
Initiation of Refunds
Dec 16, 2024
Listing Date
Dec 17, 2024
About Toss The Coin IPO
Toss The Coin IPO is a book-built issue with a total size of ₹9.17 crore. The issue is entirely a fresh issue, offering 5.04 lakh shares to the public. The IPO opens for subscription on December 10, 2024, and will close on December 12, 2024. The allotment process is expected to be finalised on December 13, 2024, and the IPO is slated to list on the BSE SME segment with a tentative listing date set for December 17, 2024.
The price band for the Toss The Coin IPO is set between ₹172 and ₹182 per share. For retail investors, the minimum lot size is 600 shares, which means a minimum investment of ₹1,09,200. On the other hand, high-net-worth individuals (HNIs) are required to apply for at least two lots, which amounts to 1,200 shares, totaling an investment of ₹2,18,400.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Toss The Coin IPO, responsible for overseeing the offering. Link Intime India Private Ltd is the registrar for the issue, handling the administrative and processing tasks. Spread X Securities serves as the market maker, ensuring liquidity for the shares post-listing.
Detailed information about the company, its financials, and business strategies can be found in the IPO's Red Herring Prospectus (RHP), which provides further insights into the offering.
Industry Outlook
- The content marketing industry is projected to grow from USD 263.09 billion to USD 523.45 billion in the next 5 years, with a CAGR of 14.75%.
- The Indian digital marketing market is expected to reach US$160 billion by 2025, supported by the government's Digital India initiative and the country's large internet user base.
- As digital strategies like SEO, social media marketing, and mobile marketing continue to rise, the demand for content marketing services will increase.
Toss The Coin IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to allocate funds towards developing a Microservices Application to enhance its technological capabilities.
- A portion of the funds will be used for expanding operations by setting up new office locations.
- The company aims to strengthen its working capital to support day-to-day operations and business growth.
- The remaining funds will be allocated towards general corporate purposes.
About Toss The Coin Limited
Toss The Coin Limited is a marketing consulting company that provides customised services to help businesses grow. The company specialises in implementing creative, responsible, and sustainable marketing operations tailored to meet individual customer needs.
With a team of experienced professionals, Toss The Coin brings a modern perspective to clients' brands, offering comprehensive marketing solutions that span from pre-sales and lead generation to branding and communications.
Incorporated in September 2020 as Toss The Coin Private Limited, the company later became a public limited entity in April 2024. Toss The Coin has its registered office in Chennai, Tamil Nadu. The company was founded by Mr. Narayanan Jayan and Mrs. Reshma Budhia, who have significant experience in the marketing industry.
The company's strength lies in its ability to craft go-to-market strategies that resonate with clients' goals. With expertise in technology and marketing, Toss The Coin helps businesses thrive with creative marketing plans. The experienced leadership team, with over two decades of industry knowledge, has been crucial in shaping the company's vision and success.
How To Check the Allotment Status of the Toss The Coin IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Toss The Coin IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Toss The Coin Limited IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Toss The Coin IPO
Registered office: Old No. 29, New No.62, Abhiramapuram 3rd Street, Abhiramapuram, Chennai -600018, Tamil Nadu, India
Phone: +91 9840040096
E-mail: info@tossthe.co.in
Strengths and Opportunities of Toss The Coin IPO
- Toss The Coin Limited specialises in Tech B2B for deeper expertise.
- The company adapts quickly to market changes, staying competitive.
- Toss The Coin Limited offers tailored solutions, building strong client relationships.
- The company drives innovation with creative marketing strategies to stand out.
- Toss The Coin Limited provides competitive pricing with lower operational costs.
- Strategic partnerships help Toss The Coin Limited expand its market reach.
Risks and Threats of Toss The Coin IPO
- The company faces challenges due to its nascent stage in marketing.
- Failing to secure necessary licenses and approvals could harm operations.
- Lack of long-term client contracts may affect future business stability.
- The company's operations in Chennai limit growth potential and expansion.
- Difficulty in attracting skilled personnel could hinder company growth prospects.
- The loss of key management personnel may adversely affect company performance.
Toss The Coin IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares Offered |
1,42,800 (28.33%) |
|
Market Maker Shares Offered |
25,800 (5.12%) |
|
QIB Shares Offered |
95,400 (18.93%) |
|
NII (HNI) Shares Offered |
72,000 (14.29%) |
|
Retail Shares Offered |
1,68,000 (33.33%) |
Toss The Coin IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
600 |
₹1,09,200 |
|
Retail (Max) |
1 |
600 |
₹1,09,200 |
|
HNI (Min) |
2 |
1200 |
₹2,18,400 |
Toss The Coin IPO Promoter Holding
The promoters of the company are Mr. Narayanan Jayan, Mrs. Reshma Budhia, and Mr. Sudhanshu Budhia.
|
Share Holding Pre-Issue |
80.00% |
|
Share Holding Post Issue |
58.67% |
Toss The Coin IPO Anchor Investors Details
Toss The Coin IPO has secured ₹2.60 crore through anchor investors. The anchor bidding date for the IPO took place on December 9, 2024.
|
Bid Date |
December 9, 2024 |
|
Shares Offered |
142,800 |
|
Anchor Portion Size (In crore) |
2.60 |
|
Anchor lock-in period end date for 50% shares (30 Days) |
January 12, 2025 |
|
Anchor lock-in period end date for remaining shares (90 Days) |
March 13, 2025 |
Key Performance Indicators for Toss The Coin IPO
The Toss The Coin Limited IPO has a market capitalisation of ₹11,418.63 crore as of March 31, 2024.
|
KPI |
Value |
|
ROE |
27.22% |
|
ROCE |
34.32% |
|
RoNW |
24.64% |
|
P/BV |
5.66 |
|
PAT Margin (%) |
22.59 |
Toss The Coin Limited IPO Prospectus
Toss The Coin IPO Registrar and Lead Managers
Toss The Coin IPO Lead Managers
- Beeline Capital Advisors Pvt Ltd
Registrar for Toss The Coin IPO
Link Intime India Private Ltd
- Contact Number: +91-22-4918 6270
- Email Address: tosscoin.smeipo@linkintime.co.in
Website: Toss The Coin Limited IPO Registrar
Financial Performance of Toss The Coin Limited
| Particulars | Year ending on March 31, 2023 | Total Expense | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 486.19 | 478.35 | 297.33 |
| Profit After Tax (PAT) (in ₹ lakh) | 109.85 | 178.29 | 104.98 |
| EBITDA (in ₹ lakh) | 144.80 | 240.01 | 142.17 |
| Net Worth (in ₹ lakh) | 445.85 | 361.20 | 190.47 |
| Return on Capital Employed (%) | 34.32 | 85.28 | 98.84 |
| Return on Equity (%) | 27.22 | 64.64 | 75.06 |
| Current Ratio (x) | 7.19 | 4.87 | 4.48 |
| Earning Per Share (EPS)-in absolute ₹ | 7.93 | 12.86 | 7.57 |
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Toss The Coin IPO FAQs
Toss The Coin Limited IPO is a book-built issue IPO. It will be open from December 10, 2024, to December 12, 2024.
The Basis of Allotment will happen on Friday, December 13, 2024.
The IPO subscription window will open on December 10, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 600 shares.
The listing date for Toss The Coin Limited is Tuesday, December 17, 2024.
The issue size of the Toss The Coin Limited IPO is up to ₹9.17 crore, with a total fresh issue of ₹9.17 crore.
The open and close dates for Toss The Coin Limited IPO are from December 10, 2024 to December 12, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Toss The Coin Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Toss The Coin Limited IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Link Intime India Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.
Toss The Coin Limited IPO is a SME IPO that will be listed on the Bombay Stock Exchange (BSE).
