Toss the Coin Limited is a marketing consulting company that provides tailor-made marketing services for businesses aiming for growth through creative and sustainable operations. Their expertise lies in developing unique, go-to-market strategies suited to individual customer needs. The company brings a modern approach to brand building, focusing on creativity, responsibility, and sustainability.

Toss the Coin IPO Details:

• Issue Size & Shares: The IPO offers a fresh issue of 5.04 lakh shares, amounting to ₹9.17 Crores.
• Price Band: ₹172 to ₹182 per equity share.
• Market Capitalization: At the upper price band of ₹182, the market cap will be ₹34.39 Crores.
• Lot Size: Investors can apply in multiples of 600 shares. The minimum investment for retail investors is ₹1,09,200 (600 shares), and for High-Net-Worth Individuals (HNIs), the minimum is ₹2,18,400 (1,200 shares).
• Subscription Period: From December 10, 2024, to December 12, 2024, with the listing expected on December 17, 2024.

Grey Market Premium (GMP):

The Grey Market Premium is an unofficial indicator of the IPO’s listing performance. As of December 9, 2024, the GMP for Toss the Coin IPO is ₹50, suggesting a potential listing price of ₹232, representing a 27.74% increase from the upper price band of ₹182. However, it's important to note that the GMP is speculative and should not be the sole factor in making investment decisions.

IPO Subscription and Allotment:

The IPO’s live subscription status shows strong demand, with 27.05 times oversubscription on the first day of the subscription period (as of 12:00 PM on December 10, 2024).

• Allotment Date: December 13, 2024
• How to Check Allotment: Investors can check their allotment status by visiting the registrar's website, entering their application number, PAN, or DP Client ID.

Company Financials:

• Revenue: The company has shown consistent revenue growth, with revenues from operations reaching ₹495.53 Lakhs in FY24, up from ₹483.48 Lakhs in FY23 and ₹299.85 Lakhs in FY22.
• EBITDA: The EBITDA for FY24 stands at ₹154.15 Lakhs, a decline from ₹245.12 Lakhs in FY23, but an improvement over ₹144.69 Lakhs in FY22.
• Profit After Tax: The company reported a profit after tax of ₹109.85 Lakhs in FY24, a decrease from ₹178.29 Lakhs in FY23, but an increase from ₹104.98 Lakhs in FY22.
• Pre-Issue EPS: ₹7.93
• Post-Issue EPS: ₹5.81
• P/E Ratio: The pre-issue P/E ratio is 22.95x, and post-issue P/E is 31.31x. These ratios are in line with industry standards, suggesting that the IPO is fairly priced.

Utilization of IPO Proceeds:

The proceeds from the IPO will be used for several key purposes:

1. Microservices Application Development: ₹294.73 Lakhs for funding capital expenditure to develop a new microservices application.
2. New Office Openings: ₹120.00 Lakhs for expanding office infrastructure.
3. Working Capital: ₹200.00 Lakhs to fund the company's working capital requirements.
4. General Corporate Purposes: Any remaining funds will be used for general corporate purposes.

IPO Review:

The company has experienced and capable leadership, with a strong track record in the marketing sector. The managing director and directors bring decades of experience to the company, which is expected to continue driving the company's growth and success. Given Toss the Coin's consistent revenue and profitability, and its solid business model, the IPO seems well-priced for investors looking for both short-term listing gains and long-term growth potential.

Recommendation: Based on the company's financials, growth prospects, and the current GMP, we recommend that investors consider applying for the Toss the Coin IPO for listing gains. However, as with all investments, caution should be exercised, and investors should be aware of the risks associated with IPO investments.

This IPO provides an excellent opportunity for those looking to invest in a growing marketing consulting firm with a modern, customer-centric approach to business expansion.

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.