Toss the Coin is a marketing consulting company that provides bespoke marketing services designed to help businesses grow sustainably. The company acts as a growth accelerator, implementing innovative and responsible marketing strategies tailored to individual customer needs. Toss the Coin works with brands to develop go-to-market strategies that are modern and effective, combining creativity with practicality.

The company is now launching its IPO to raise ₹9.17 Crores, entirely through a fresh issue of 5.04 Lakh shares. The price band for the Toss the Coin IPO is set between ₹172 and ₹182 per share. The market capitalization of the company will be ₹34.39 Crores at the upper price of ₹182 per share. Retail investors need to invest a minimum of ₹1,09,200 for 600 shares, while HNIs must invest ₹2,18,400 for 1,200 shares.

The subscription period for the IPO runs from December 10 to December 12, 2024, with the allotment date scheduled for December 13, 2024. The listing date on the BSE SME is expected to be December 17, 2024.

As of December 7, 2024, the Grey Market Premium (GMP) for the Toss the Coin IPO stands at ₹50, indicating a 27.74% potential listing gain. However, GMP figures are based on unregulated market activity and should be interpreted cautiously, as they are subject to fluctuations and not representative of the final listing price.

In terms of financials, Toss the Coin has shown consistent growth. For FY 2024, the company reported revenues of ₹495.53 Lakhs, a moderate increase from ₹483.48 Lakhs in FY 2023. The EBITDA for FY 2024 was ₹154.15 Lakhs, reflecting steady profitability, while the profit after tax (PAT) for FY 2024 stood at ₹109.85 Lakhs, a slight decrease compared to ₹178.29 Lakhs in FY 2023.

The valuation metrics show a pre-issue P/E ratio of 22.95x and a post-issue P/E ratio of 31.31x, compared to an industry P/E ratio of 30x. The company's Return on Capital Employed (ROCE) for FY 2024 is 34.32%, and the Return on Equity (RoE) is 27.22%, indicating solid financial performance.

The proceeds from the Toss the Coin IPO will be used for various business purposes, including funding capital expenditure for microservices application development (₹294.73 Lakhs), opening new offices (₹120.00 Lakhs), and meeting the company's working capital requirements (₹200.00 Lakhs).

With a 27.74% GMP and solid financial fundamentals, we recommend investors to apply for the Toss the Coin IPO, primarily for listing gains. However, those seeking long-term growth should also consider the company's expansion potential.

The Upcoming IPOs in this week and coming weeks are Dhanlaxmi Corp, Jungle Camps, Toss The Coin, Sai Life Sciences, Mobikwik, Vishal Mega Mart, Supreme Facility, Purple United, Rosmerta Digital, Inventurus Knowledge and Avanse Financial.

The Current active IPO is Emerald Tyre Manufacturers.

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