IPO Insights

Toss The Coin IPO

NiftyTrader • December 6, 2024

Toss The Coin IPO opens for subscription on December 10, 2024 and closes on December 12, 2024. The allotment for the Toss The Coin IPO is expected to be finalized on Friday, December 13, 2024. Toss The Coin IPO will list on BSE SME with tentative listing date fixed as Tuesday, December 17, 2024.

Toss The Coin IPO price band is set at ₹172 to ₹182 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹218,400.

Toss The Coin IPO is a book built issue of Rs 9.17 crores. The issue is entirely a fresh issue of 5.04 lakh shares.

Toss The Coin IPO Details

IPO DateDecember 10, 2024 to December 12, 2024
Listing Date[.]
Face Value₹10 per share
Price₹172 to ₹182 per share
Lot Size600 Shares
Total Issue Size504,000 shares
(aggregating up to ₹9.17 Cr)
Fresh Issue504,000 shares
(aggregating up to ₹9.17 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Shareholding pre-issue1,386,000
Share holding post issue1,890,000
Market Maker portion25,800 shares

Toss The Coin IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)1600₹109,200
Retail (Max)1600₹109,200
S-HNI (Min)21200₹218,400

Toss The Coin IPO Objectives

The company intend to utilize the net proceeds of the Issue to meet the following objects:

  1. Funding capital expenditure for Development of Microservices Application.
  2. Funding capital Expenditure for opening New Offices
  3. Funding Working Capital Requirement of the Company
  4. General Corporate Purpose

About Toss The Coin

Incorporated in 2020, Toss the Coin is a marketing consulting company that provides custom-made marketing services to clients.

The Company offers marketing consulting services for B2B Tech Companies. They have experience working with multiple technology organizations, big and small, to craft their GTM strategies from branding, content development, designs, websites, social media campaigns, customer success management, and design thinking-based problem-solving workshops to consulting.

As of September 30, 2024, The Company has 43 employees.

Their Services:

  • CMO (Chief Marketing Officer) Office: As a CMO office, They offer strategic consulting and advisory to small and medium enterprises.
  • GTM (Go To Market) Office: This is the go-to-market service that they offer to clients as short-term projects, organizations to build their brand identity (logo, brand positioning), website strategy and development, and GTM collaterals like pitch presentations, brochures, and emailers.
  • Sales Enablement: They offer demand generation, Request for Proposal strategy and content, and performance management.
  • Design Studio: This is their bespoke design studio. Under this, they offer all kinds of graphics and video services. This includes presentation enhancements, graphic designing, video production, UX/UI, and 3D designing.
  • Internal Branding: This is the CMO office for major GCC (Global Capability Center) players, Under this, they offer employer branding services to attract and retain talent.
  • Kathai AI Solutions: This is the dedicated AI-based API (Application Programming Interface) production vertical. This is an internal vertical where they aim to build AI APIs to solve the most common marketing challenges.

Their Strengths:

Their strong digital marketing capabilities, combined with continuous learning, ensure they stay ahead in the market.s.

Specializing in tech B2B allows them to understand industry trends and deliver tailored, effective solutions.

The smaller size enables rapid adaptability, letting us adjust strategies and respond quickly to feedback.

They offer personalized attention, creating stronger client relationships that lead to loyalty and valuable referrals.

They innovate and experiment with new strategies, technologies, and creative campaigns to differentiate themselves.

Lower overhead costs allow them to offer competitive pricing, making them attractive to budget-conscious clients.

They prioritize customer needs, providing exceptional service that fosters long-term, trust-based business relationships.

Toss The Coin Financial Information 

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets595.49515.47450.41243.40
Revenue438.68495.53483.48299.85
Profit After Tax116.14109.85178.29104.98
Net Worth498.99445.85361.20190.47
Reserves and Surplus360.39433.25348.60177.87
Total Borrowing0.15
Amount in ₹ Lakhs

Toss The Coin IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Toss The Coin IPO Timeline (Tentative Schedule)

Toss The Coin IPO opens on December 10, 2024, and closes on December 12, 2024.

IPO Open DateTuesday, December 10, 2024
IPO Close DateThursday, December 12, 2024
Basis of AllotmentFriday, December 13, 2024
Initiation of RefundsMonday, December 16, 2024
A credit of Shares to DematMonday, December 16, 2024
Listing DateTuesday, December 17, 2024
Cut-off time for UPI mandate confirmation5 PM on December 12, 2024

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