Bookbuilding IPO | ₹9 Cr | Listed at BSE SME | Tue, Dec 10, 2024 - Thu, Dec 12, 2024
Toss The Coin IPO is a book build issue of ₹9.17 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹9.17 crore.
Toss The Coin IPO bidding started from Dec 10, 2024 and ended on Dec 12, 2024. The allotment for Toss The Coin IPO was finalized on Dec 13, 2024. The shares got listed on BSE SME on Dec 17, 2024.
Toss The Coin IPO price band is set at ₹182 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,09,200 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,18,400.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Toss The Coin IPO RHP for detailed Information.
IPO Open
Tue, Dec 10, 2024
IPO Close
Thu, Dec 12, 2024
Issue Price
₹182 per share
Market Cap (Pre-IPO)
₹34.40 Cr
| IPO Date | 10 to 12 Dec, 2024 |
| Listed on | Tue, Dec 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹172 to ₹182 |
| Issue Price | ₹182 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,04,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 25,800 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.4696 Cr) |
| Fresh Issue (Ex Market Maker) | 4,78,200 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 4,78,200 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 13,86,000 shares |
| Share Holding Post Issue | 18,90,000 shares |
| BSE Script Code | 544303 |
| ISIN | INE0XAY01012 |
Toss The Coin IPO comprises a total issue size of 5,04,000 shares. The net offer to the public is 4,78,200 shares, after excluding 25,800 shares allotted on a firm basis. Of the Net offer 2,38,200 (49.81%) are allocated to QIB, 72,000 (15.06%) allocated to NII 1,68,000 (35.13%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 2,38,200 | 49.81% | 47.26% |
| − Anchor Investor Shares Offered | 1,42,800 | 28.33% | |
| − QIB (Ex. Anchor) Shares Offered | 95,400 | 18.93% | |
| NII (HNI) Shares Offered | 72,000 | 15.06% | 14.29% |
| Retail Shares Offered | 1,68,000 | 35.13% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 25,800 | 5.12% | |
| Total Shares Offered | 5,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,09,200 |
| Retail (Max) | 1 | 600 | ₹1,09,200 |
| HNI (Min) | 2 | 1,200 | ₹2,18,400 |
Toss The Coin IPO raises ₹2.60 crore from anchor investors. Toss The Coin IPO Anchor bid date is December 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 9, 2024 |
| Shares Offered | 1,42,800 |
| Anchor Portion (₹ Cr.) | 2.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 11, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 12, 2025 |
Incorporated in 2020, Toss the Coin Limited 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:
Their Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5.95 | 5.15 | 4.50 | 2.43 |
| Total Income | 4.39 | 4.96 | 4.83 | 3.00 |
| Profit After Tax | 1.16 | 1.10 | 1.78 | 1.05 |
| NET Worth | 4.99 | 4.46 | 3.61 | 1.90 |
| Reserves and Surplus | 3.60 | 4.33 | 3.49 | 1.78 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for Development of Microservices Application | 2.95 |
| 2 | Funding capital Expenditure for opening new Offices | 1.20 |
| 3 | Funding Working Capital Requirement of our Company | 2.00 |
| 4 | General Corporate Expenses | 2.18 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.22% |
| ROCE | 34.32% |
| RoNW | 24.64% |
| PAT Margin | 22.59% |
| Price to Book Value | 5.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.93 | 12.29 |
| P/E (x) | 22.96 | 14.81 |
| Promoter Holding | 80% | 58.67% |
| Market Cap | ₹34.40 Cr. |
The Toss The Coin IPO is subscribed 1,025.76 times on December 12, 2024 6:19:07 PM (Day 3). The public issue subscribed 1,550.76 times in the retail category, 147.69 times in the QIB category, and 964.18 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 147.69 | 95,400 | 1,40,89,800 | 68 |
| NII* | 964.18 | 72,000 | 6,94,21,200 | 22,181 |
| Retail | 1,550.76 | 1,68,000 | 26,05,28,400 | 4,34,275 |
| Total | 1,025.76 | 3,35,400 | 34,40,39,400 | 4,98,397 |
Total Application : 4,98,397
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.40 |
| 2 | Brokerage, selling, commission and upload fees | 0.05 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 0.08 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.22 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹182.00 |
| Open | ₹345.80 |
| Low | ₹345.80 |
| High | ₹363.05 |
| Last Trade | ₹363.05 |
Lead Manager Reports
Toss The Coin IPO is a SME IPO of 5,04,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹182 per share. The minimum order quantity is 600.
The IPO opens on Tue, Dec 10, 2024, and closes on Thu, Dec 12, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Toss The Coin IPO using UPI as a payment gateway. Zerodha customers can apply in Toss The Coin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Toss The Coin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Toss The Coin IPO opens on Tue, Dec 10, 2024 and closes on Thu, Dec 12, 2024.
Toss The Coin IPO lot size is 600, and the minimum amount required for application is ₹1,09,200.
You can apply in Toss The Coin IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Toss The Coin IPO will be done on Friday, December 13, 2024, and the allotted shares will be credited to your demat account by Mon, Dec 16, 2024. Check the Toss The Coin IPO allotment status.
The Toss The Coin IPO listing date is on Tue, Dec 17, 2024.
