Toss the Coin Limited, a marketing consulting company, is set to launch its IPO to raise ₹9.17 Crores through the fresh issue of 5.04 lakh shares. The IPO will open for subscription from December 10, 2024 to December 12, 2024, with a share price band between ₹172 and ₹182 per equity share. The listing date is tentatively set for December 17, 2024 on the BSE SME platform. The IPO has a market capitalization of ₹34.39 Crores at the upper price band of ₹182.

Toss the Coin specializes in providing custom marketing services tailored to the needs of businesses looking to expand their reach with creative and sustainable strategies. The company assists clients in building modern and effective go-to-market strategies, focusing on individual customer needs, which makes them a standout in the marketing sector.

Financial Overview

Toss the Coin has shown consistent growth in revenue over the past three years:

• Revenue for FY 2024: ₹495.53 Lakhs
• EBITDA for FY 2024: ₹154.15 Lakhs
• Profit After Tax (PAT) for FY 2024: ₹109.85 Lakhs

For FY 2024, the company reports 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 stands at 31.31x. This is slightly above the average P/E of marketing firms, but the company’s ROCE of 34.32% and RoE of 27.22% reflect strong financial performance, making the IPO fairly priced for investors.

Grey Market Premium (GMP) and Listing Trend

The Grey Market Premium (GMP) for Toss the Coin IPO is currently ₹50, which indicates a potential listing gain of 27.74%. Here is the IPO GMP trend:

• 7 December 2024: ₹50 (GMP at ₹232 expected listing price)
• 6 December 2024: ₹50 (GMP at ₹232 expected listing price)
• 5 December 2024: ₹0 (no GMP)

These trends reflect significant market demand for the shares, suggesting that the IPO is likely to list at a premium price.

The Upcoming IPOs in this week and coming weeks are Jungle Camps, Toss The Coin, 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 Dhanlaxmi Corp and Emerald Tyre Manufacturers.

IPO Subscription and Allotment Process

As of December 10, 2024, the Toss the Coin IPO is open for subscription. The IPO allotment date is set for December 13, 2024, and the allotment status will be available on the registrar's website. To check the allotment status, follow these steps:

1. Visit the IPO allotment status page.
2. Select Toss the Coin Limited IPO from the dropdown list.
3. Enter application number, PAN, or DP Client ID.
4. Submit the details to view your allotment status.

Objectives of the IPO

The funds raised through the IPO will be used for:

1. Funding capital expenditure for the development of Microservices Application: ₹294.73 Lakhs.
2. Opening new offices: ₹120.00 Lakhs.
3. Working capital requirements: ₹200.00 Lakhs.
4. General corporate purposes.

IPO Review

Toss the Coin's IPO is a well-priced offering with strong backing from experienced promoters in the marketing sector. The company's financials are robust, showing consistent growth in revenue and profits over the last three years. The GMP trend suggests significant listing gains, making this IPO an attractive option for short-term investors looking to capitalize on potential price gains upon listing. However, the high post-issue P/E ratio of 31.31x may make it less appealing for long-term investments.

Given the company’s strong financial metrics, experienced management, and the potential for immediate listing gains, we recommend applying for the Toss the Coin IPO for those looking to benefit from short-term price appreciation.

For more details on other IPOs, check out Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi or visit Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

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