Toss the Coin IPO Details

Toss the Coin is a marketing consulting company that focuses on delivering tailored and innovative marketing strategies to accelerate business growth. With its fresh approach and modern perspective, the company helps businesses create personalized go-to-market strategies. The Toss the Coin IPO aims to raise ₹9.17 crores through a fresh issue of 5.04 lakh shares, with a price band of ₹172 to ₹182 per share. At the upper price band, the market capitalization of the company will be ₹34.39 crores.

Subscription and Allotment

• The subscription period for the Toss the Coin IPO is from December 10 to December 12, 2024.
• The IPO’s lot size is 600 shares, requiring a minimum investment of ₹1,09,200 for retail investors. High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (₹2,18,400).
• The allotment of shares is expected to be finalized by December 13, 2024, with listing scheduled for December 17, 2024, on the BSE SME.

Grey Market Premium and GMP Trends

• The Grey Market Premium (GMP) for the Toss the Coin IPO is currently ₹50, signaling an expected listing price of ₹232, which is a 27.74% premium above the upper price band.
• The GMP trend has been steadily increasing since December 5, reflecting investor optimism.

Objectives of the IPO

The proceeds from the Toss the Coin IPO will be utilized for several key purposes:

1. ₹294.73 lakhs for funding capital expenditure for developing a Microservices Application.
2. ₹120 lakhs for opening new offices.
3. ₹200 lakhs to meet the working capital requirements of the company.
4. General corporate purposes.

Jungle Camps India IPO Details

Jungle Camps India is an award-winning company that operates a collection of wildlife lodges, blending luxury with immersive wildlife experiences. The company is focused on providing eco-friendly and luxurious safari experiences. The Jungle Camps India IPO is offering a fresh issue of 40.86 lakh shares, with a price band of ₹68 to ₹72 per share. At the upper price band, the market capitalization will be ₹111.58 crores.

Subscription and Allotment

• The subscription period for the Jungle Camps India IPO runs from December 10 to December 12, 2024.
• The lot size for this IPO is 1,600 shares, requiring a minimum investment of ₹1,15,200 for retail investors. High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (₹2,30,400).
• The allotment of shares will be finalized by December 13, 2024, with the expected listing on December 17, 2024, on the BSE SME.

Grey Market Premium and GMP Trends

• The Grey Market Premium (GMP) for the Jungle Camps India IPO is currently ₹51, signaling an expected listing price of ₹123, a 70.59% premium above the upper price band.
• The GMP trend has significantly risen over the past few days, reflecting strong demand for this IPO.

Objectives of the IPO

The proceeds from the Jungle Camps India IPO will be allocated as follows:

1. ₹700 lakhs for capital expenditure towards the development of the Sanjay Dubri National Park Project in Madhya Pradesh.
2. ₹350 lakhs for renovations at the Pench Jungle Camp in Madhya Pradesh.
3. ₹1,150 lakhs for investment in Madhuvan Hospitality Private Limited (MHPL) for a Mathura Hotel Project.
4. General corporate purposes.

Conclusion

Both the Toss the Coin IPO and the Jungle Camps India IPO offer investors opportunities to invest in unique and growing companies. While Toss the Coin focuses on innovative marketing strategies, Jungle Camps India offers a glimpse into the thriving eco-tourism and luxury safari sector. With both IPOs showing strong Grey Market Premiums and high levels of subscription interest, these IPOs are likely to generate significant investor attention.

The Upcoming IPOs in this week and coming weeks are Sai Life Sciences, Mobikwik, Vishal Mega Mart, Supreme Facility, Purple United, Yash Highvoltage, International Gemmological, Inventurus Knowledge, Rosmerta Digital and Avanse Financial.The Current active IPO is and Jungle Camps, Toss The Coin and Dhanlaxmi Corp.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.