Toss the Coin IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Toss the Coin is a marketing consulting company, which provides custom made marketing services to clients. They are growth accelerators who help businesses grow by implementing marketing operations that is creative, responsible and sustainable. They work with companies to bring a new-age modern perspective to their brand. They believe in the power of build go-to-market strategies that are tailored to individual customer needs. 

Toss the Coin, an Book Built Issue amounting to ₹9.17 Crores, consisting entirely an Fresh Issue of 5.04 Lakh Shares. The subscription period for the Toss the Coin IPO opens on December 10, 2024, and closes on December 12, 2024. The allotment is expected to be finalized on or about Friday, December 13, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, December 17, 2024.

The Share price band of Toss the Coin IPO is set at ₹172 to ₹182 per equity share. The Market Capitalisation of the Toss the Coin Limited at IPO price of ₹182 per equity share will be ₹34.39 Crores. The lot size of the IPO is 600 shares. Retail investors are required to invest a minimum of ₹1,09,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹2,18,400.

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager while LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. Spread X Securities Private Limited is Market Maker for the Toss the Coin IPO.

Toss the Coin Limited IPO GMP Today
The Grey Market Premium of Toss the Coin Limited IPO is expected to be ₹110 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Toss the Coin Limited Day Wise IPO GMP Trend

DateIPO PriceExpected Listing PriceGMPLast Updated 
13 December 2024₹ 182₹ 292₹110 (60.43%)02:00 PM; 13 Dec 2024
12 December 2024₹ 182₹ 292₹110 (60.43%)06:00 PM; 12 Dec 2024
11 December 2024₹ 182₹ 262₹ 80 (43.71%)06:00 PM; 11 Dec 2024
10 December 2024₹ 182₹ 262₹ 80 (43.71%)06:00 PM; 10 Dec 2024
09 December 2024₹ 182₹ 232₹ 50 (27.74%)06:00 PM; 09 Dec 2024
06 December 2024₹ 182₹ 232₹ 50 (27.74%)07:00 PM; 06 Dec 2024
05 December 2024₹ 182₹ 182₹ 002:13 PM; 05 Dec 2024

Toss the Coin Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:30 PM on 12 December 2024, the Toss the Coin IPO live subscription status shows that the IPO subscribed 951.92 times on its Final day of subscription periodCheck the Toss the Coin IPO Live Subscription Status Today at BSE.

Toss the Coin IPO Anchor Investors Report
Toss the Coin has raised ₹2.60 Crores from Anchor Investors at a price of ₹182 per shares in consultation of the Book Running Lead Managers. The company allocated 1,42,800 equity shares to the Anchor Investors. 
Check Full List of 
Toss the Coin Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Toss the Coin Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Toss the Coin IPO allotment date is 13 December, 2024, Friday. Toss the Coin IPO Allotment will be out on 13th December 2024 and will be live on Registrar Website from the allotment date. Check Toss the Coin IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Toss the Coin Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Toss the Coin Limited IPO
Toss the Coin Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. 294.73 Lakhs is required for Funding capital expenditure for Development of Microservices Application
2. 
120.00 Lakhs is required for Funding capital Expenditure for opening New Offices
3. 200.00 Lakhs is required for Funding Working Capital Requirement of the Company
4. General Corporate Purpose

Refer to Toss the coin Limited DRHP for more details about the Company.

Toss the Coin IPO Details

IPO Date December 10, 2024 to December 12, 2024
Listing Date December 17, 2024
Face Value ₹10
Price ₹172 to ₹182 per share
Lot Size 600 Equity Shares
Total Issue Size 5,04,000 Equity Shares (aggregating to ₹9.17 Cr)
Fresh Issue 5,04,000 Equity Shares (aggregating to ₹9.17 Cr)
Offer for Sale NIL
Issue Type Book Built Issue
Listing At BSE SME
Share holding pre issue 13,86,000
Share holding post issue 18,90,000

Toss the Coin IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 ₹1,09,200
Retail (Max) 1 600 ₹1,09,200
S-HNI (Min) 2 1,200 ₹2,18,400
S-HNI (Max) 9 5,400 ₹9,82,800
B-HNI (Min) 10 6,000 ₹10,92,000

Toss the Coin IPO Timeline (Tentative Schedule)

IPO Open Date Tuesday, December 10, 2024
IPO Close Date Thursday, December 12, 2024
Basis of Allotment Friday, December 13, 2024
Initiation of Refunds Friday, December 13, 2024
Credit of Shares to Demat Monday, December 16, 2024
Listing Date Tuesday, December 17, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 12, 2024

Toss the Coin IPO Reservation

Investor Category Shares Offered Reservation %
QIB Portion 95,400 Not More than 50% of the Issue
Non-Institutional Investor Portion 72,000 Not Less than 15% of the Issue
Retail Shares Offered 1,68,000 Not Less than 35% of the Issue
Achor Investor Portion 1,42,800 Allotted from QIB Portion
Market Maker Portion 25,800 -

Toss the Coin IPO Promoter Holding

Share Holding Pre Issue 80.00%
Share Holding Post Issue 58.67%

Toss the Coin IPO Subscription Status

Investor Category Shares Offered Shares Bid For No oF Times Subscribed
Qualified Institutional Buyers (QIB) 95,400 1,40,89,800 147.69
Non Institutional Investors(NIIS) 97,800 6,94,36,800 709.99
Retail Individual Investors (RIIs) 1,68,000 26,03,05,800 1549.44
Total 3,61,200 34,38,32,400 951.92

About Toss the Coin Limited

Toss the Coin is a marketing consulting company, which provides custom made marketing services to clients. They are growth accelerators who help businesses grow by implementing marketing operations that is creative, responsible and sustainable. They work with companies to bring a new-age modern perspective to their brand. They believe in the power of build go-to-market strategies that are tailored to individual customer needs. They have a team and a set of enviable offerings for our clients spanning the entire length & breadth of marketing. The service offerings are structured in a way to be able to handle all types of clients’ needs across Marketing, Pre-sales, Lead-gen, Branding and Communications etc.

As on September 30, 2024 Toss the Coin Company has 43 employees on payroll including KMP. The Banker to the Company is HDFC Bank Limited.

Digital Marketing in India
Digital marketing in India is the integration of digital technologies and internet marketing strategies. A combination of the best of both traditional and online marketing methods enables businesses to reach out to potential customers worldwide.

Online advertising involves placing ads at various locations across the web. These ads appear alongside search results and advertisements generated by other advertisers. Advertisements become even more effective if they have a link to the companies websites or landing pages.

Internet marketing strategies involve many tactics including search engine optimization (SEO), paid search ads, email marketing, social media marketing, mobile marketing, display advertising, and many others. Companies use these tactics individually or together depending upon their business model and goals.

SEO involves devising ways to increase the number of visitors to a website by making changes to its content, HTML code, URL structure, or by using certain keywords.

Paid search ads work similarly to SEO except that instead of having users find your site organically, a company pays an advertisement service to get people to click on the ad. However, pay per click services may charge your company based on how much traffic is sent to their website.

Email marketing sends commercial messages via email to past, current, and prospective customers. Many marketers send emails regularly because they know that some subscribers prefer to receive mail rather than check their inboxes daily.

Social networking sites allow individuals, businesses, organizations, and other entities to create profiles to share information about themselves and promote themselves online. Users interact with each other by commenting on the shared content and posting links to blogs, articles, news items, products, and other websites.

Mobile marketing works well with smartphones and tablets due to their high usage rates among consumers. Apps can help connect brands with consumers wherever they happen to be, whether they’re walking down the street or sitting on their couch. Display advertising is similar to television advertising and includes banners, videos, and other online ads that appear on websites and applications.

Content marketing is not only about what happens on your website; it’s about what happens everywhere else online. Consumers find products and services online, so ensuring that your brand appears on relevant websites is critical.

Blogging helps businesses communicate with potential clients and customers, generate leads, and build authority. Blog posts can include promotional material about your business, behind-the-scenes looks at your industry, personal stories, product reviews, tips, tricks, and advice.

Video marketing uses video clips or full-length videos on platforms like YouTube and Facebook to promote products, services, events, and websites. If you want to save money, try free video hosting platforms like Ustream.TV and Justin.tv.

Mobile apps are small programs designed to run on smartphone and tablet devices. They can range in size from a few kilobytes to several megabytes and are created specifically for phones and tablets. There are two types of apps: native and cross platform.

Native apps are built directly for a specific operating system, while cross platform apps run on different devices running different operating systems. Cross platform apps are often preferred over native ones because they are easier to develop and generally less expensive.

According to a survey by Forbes magazine, 82% of consumer’s shop or conduct research online. Companies have introduced visibility through digital platforms to close the gap between customers and brands. India is the second-largest country in terms of population and active internet users, with a population of almost 2 billion. This makes it one of the biggest markets, and the market's soaring demand reflects the vast growth potential of the nation. Therefore, if one has the necessary expertise and understanding in this area, they can succeed in this dynamic sector.

In addition, the use of digital platforms in India has been rising steadily ever since the Ministry of Electronics & IT announced the creation of Digital India. According to economists, this plan might increase the GDP by up to $1 trillion USD by 2025. It can also aid in a variety of other areas, including the creation of jobs, increased labour productivity, expansion of the private sector, and governmental income generation. According to a Goldman Sachs research, digital marketing will have a future value of US$160 billion by 2025, which is three times its current value. This figure only applies to the Indian internet business.

Additionally, future generations will be immersed in the digital environment and used to conducting all of their business online. Companies who have not yet entered the world of digital marketing must do so right now to avoid falling behind. The trends in digital marketing differ every year as more businesses enter the market and new technology is created. The following are some of the key trends that will dominate the industry in 2023.

TOSS THE COIN LIMITED COMPETITIVE STRENGTHS
1. 
Niche Focus
2. 
Agility and Flexibility
3. 
Personalized Service
4. 
Innovative Approaches
5. 
Cost-Effectiveness:
6. 
Strong Brand Identity
7. 
Customer-Centric Approach
8. 
Strategic Partnerships
9. 
Digital Competence
10. 
Continuous Learning and Improvement

TOSS THE COIN LIMITED GROWTH STRATEGIES
1. Define Our Niche
2. Build a Strong Brand
3. Create High-Quality Content
4. Leverage Digital Marketing Channels
5. Focus on Relationship Building
6. Provide Exceptional Customer Service
7. Offer Competitive Pricing and Value
8. 
Measure and Analyze Results
9. 
Stay Agile and Adapt
10. 
Focus on Long-Term Growth

TOSS THE COIN LIMITED RISK FACTORS & CONCERNS
1. They are in at a nascent stage in a fast-evolving dynamic industry.
2. The operations are significantly located in the Chennai region and failure to expand thei operations may restrict their growth and adversely affect their business.
3. Their top ten customers contribute majority of their revenues from operations.
4. Their marketing and advertising campaigns may not be successful in increasing the popularity of their products and offerings.

Toss the Coin Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakh)

Period Ended Mar 31, 2024 Mar 31, 2023 Mar 31, 2022
Reserve of Surplus 433.25 348.60 177.87
Total Assets 515.47 450.41 243.40
Total Borrowings 69.62 89.20 52.94
Fixed Assets 12.19 14.30 5.56
Cash 323.14 273.71 153.08
Net Borrowing -253.52 -184.51 -100.14
Revenue 495.53 483.48 299.85
EBITDA 154.15 245.12 144.69
PAT 109.85 178.29 104.98
EPS 7.93 12.86 7.57

Note 1:- RoE & ROCE calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Upper Price Band, given in FINANCIAL EXPRESS.

Key Performance Indicator

KPI Values
EPS Pre IPO (Rs.) ₹7.93
EPS Post IPO (Rs.) ₹5.81
P/E Pre IPO 22.95
P/E Post IPO 31.31
ROE 27.22%
ROCE 34.32%
P/BV 2.43
Debt/Equity -
RoNW 26.64%

Toss the Coin Limited IPO Peer Comparison

Company Name EPS ROCE ROE P/E (x) P/Bv Debt/Equity RoNW (%)
Toss the Coin Limited ₹5.81 34.32% 27.22% 31.31 2.43 - 26.64%
There are no Listed Peer Companies in India which can be compared with Toss the Coin Limited. % % - - - %
Toss the Coin Limited Contact Details

TOSS THE COIN LIMITED

Old No. 29, New No.62, Abhiramapuram 3rd Street, Abhiramapuram, Chennai - 600018, Tamil Nadu, India
Contact Person : Ms. Pooja Jain
Telephone : +91 9840040096
Email ID : info@tossthe.co.in 
Website : https://www.tossthe.co.in/index.html

Toss the Coin IPO Registrar and Lead Manager(s)

Registrar : LINK INTIME INDIA PRIVATE LIMITED
Telephone : +91-8108114949
Contact Person : Mr. Shanti Gopalkrishnan
Email ID : tosscoin.smeipo@linkintime.co.in
Website : https://linkintime.co.in/

Lead Manager : BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Telephone : 079 4918 5784
Contact Person : Mr. Nikhil Shah
Email ID : mb@beelinemb.com
Website : https://beelinemb.com/

Toss the Coin IPO Review

Toss the Coin is a marketing consulting company, which provides custom made marketing services to clients. They are growth accelerators who help businesses grow by implementing marketing operations that is creative, responsible and sustainable. They work with companies to bring a new-age modern perspective to their brand. They believe in the power of build go-to-market strategies that are tailored to individual customer needs. 

The Managing Director, Mr. Narayanan Jayan, Whole Time Director, Mrs. Reshma Budhia and Non-Executive Director Mr. Sudhanshu Budhia have 26, 21 and 25 years of experience respectively in marketing industry, thus vast experience of the Directors has been instrumental in determining the vision and growth strategies for the Company. 

The revenues from operations for Fiscals ended 2024, 2023 and 2022 were ₹495.53 Lakhs, ₹483.48 Lakhs and ₹299.85 Lakhs respectively. The EBITDA for Fiscals ended 2024, 2023 and 2022 were ₹154.15 Lakhs, ₹245.12 Lakhs, and ₹144.69 Lakhs, respectively. The profit after tax for Fiscals ended 2024, 2023 and 2022 were ₹109.85 Lakhs, ₹178.29 Lakhs, and ₹104.98 Lakhs respectively.

For the Toss the Coin IPO, the company is issuing shares at a pre-issue EPS of 7.93 and a post-issue EPS of ₹5.81. The pre-issue P/E ratio is 22.95x, while the post-issue P/E ratio is 31.31x. The company's ROCE for FY24 is 34.32% and RoE for FY24 is 27.22%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Toss the Coin showing potential listing gains of 60.43%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Toss the Coin Limited IPO for Listing gain.


Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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