Toss the Coin, a marketing consulting company, is gearing up to launch its IPO, aimed at raising ₹9.17 Crores through a fresh issue of 5.04 lakh shares. The IPO opens for subscription from December 10, 2024, to December 12, 2024, with a tentative listing date set for December 17, 2024 on the BSE SME platform. The share price band has been set between ₹172 and ₹182 per equity share, giving the company a market capitalization of approximately ₹34.39 Crores at the upper price band. The lot size for the IPO is 600 shares, with retail investors required to invest a minimum of ₹1,09,200.

Toss the Coin IPO Financials and Performance
Toss the Coin’s revenue for the fiscal year 2024 stood at ₹495.53 Lakhs, showing a growth from ₹483.48 Lakhs in 2023 and ₹299.85 Lakhs in 2022. The EBITDA for the same period was ₹154.15 Lakhs, with a profit after tax (PAT) of ₹109.85 Lakhs in FY 2024, compared to ₹178.29 Lakhs in FY 2023. The company has posted a pre-issue EPS of ₹7.93 and a post-issue EPS of ₹5.81. The P/E ratio is 22.95x pre-issue and 31.31x post-issue, which is in line with industry standards. The company’s ROCE for FY24 is 34.32%, and the RoE stands at 27.22%, indicating healthy profitability metrics.

Grey Market Premium (GMP) and Listing Expectations
As of December 10, 2024, the GMP of Toss the Coin IPO is at ₹80, signaling a potential listing gain of 43.71%. This suggests strong demand for the IPO in the grey market, which is a good indicator for investors considering listing gains. The GMP trend shows an upward movement, starting from ₹50 on December 9, reaching ₹80 by December 10, further indicating strong investor interest.

Toss the Coin IPO Subscription Status and Allotment
The IPO has seen strong interest, with a subscription rate of 199.06x as of December 11, 2024, on its second day of subscription. This indicates significant demand from investors, particularly retail investors, with high-net-worth individuals (HNIs) also showing interest. The allotment date is expected to be December 13, 2024, and the status will be available on the registrar’s website for investors to check using their application number or PAN.

Objectives of Toss the Coin IPO
The fresh issue proceeds will be used for various capital expenditure plans:

1. ₹294.73 Lakhs for the development of a Microservices Application.
2. ₹120 Lakhs for the establishment of new offices.
3. ₹200 Lakhs for enhancing the working capital of the company.
4. Remaining funds will be allocated for general corporate purposes.

Conclusion and Recommendation
Considering the GMP trend, strong subscription interest, and the company’s solid financials, Toss the Coin IPO appears to be a good opportunity for those seeking listing gains. However, as with any IPO, it is important to assess the risks associated with market conditions and long-term growth potential. The company’s focus on innovative marketing strategies and expansion into new offices could potentially help it tap into a growing market for marketing consulting services in India.

The Upcoming IPOs in this week and coming weeks are Yash Highvoltage, International Gemmological, Inventurus Knowledge, Hamps Bio, NACDAC Infrastructure, Rosmerta Digital and Avanse Financial.The Current active IPO is and Sai Life Sciences, Mobikwik, Vishal Mega Mart, Supreme Facility, Purple United, 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.