Toss The Coin IPO Detail: Open Date, Close Date, GMP, Price Band

Toss The Coin IPO subscription opens on Tuesday, December 10, 2024, and closes on Thursday, December 12, 2024. It is a book-built issue worth up to Rs 9.17 crores of equity shares. This upcoming IPO is a entirely a fresh issue of up to 5.04 lakh equity shares.

Also Read | Zepto IPO GMP, Issue Size, Open Date, Price Band, Allotment Status

Toss The Coin IPO Price Band

Toss The Coin IPO price band is Rs 172 to Rs 182 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,09,200 (182 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,18,400 (182 x 1200 shares).

Toss The Coin IPO GMP

Currently, Toss The Coin IPO GMP (grey market premium) is Rs 0. It is expected that the listing price can same as the allotment price that is Rs 182 per share. However, if the subscription is oversubscribed, then Toss The Coin IPO GMP may go up.

Toss The Coin Allotment Status

Toss The Coin IPO Allotment status will be available on its registrar Link Intime India Private Limited website on Friday, December 13, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Toss The Coin Listing Date

Toss The Coin IPO listing date has been decided on Tuesday, December 17, 2024. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Toss The Coin IPO: Listing Date, Lot Size, Issue Size, Price Band

Toss The Coin IPO: About the Company

Toss The Coin Limited (TTCL) is an innovative marketing consulting firm established on September 25, 2020, in Chennai, India.

As a public limited company, Toss Coin Limited is specializes in providing tailored marketing solutions aimed at accelerating business growth through creative and sustainable strategies. The company is led by key personnel including Managing Director Narayanan Jayan and CFO Reshma Budhia.

As of March 31, 2024, Toss The Coin Limited continues to thrive with a paid-up capital of Rs 0.13 crore and an authorized capital of Rs 3 crore, which shows its great market presence and potential growth in the information technology sector.

Toss The Coin IPO Objectives

Toss The Coin IPO objective of the issue is to utilize the net proceeds for funding capital expenditure for development of microservices application, funding capital expenditure for opening new offices. Further funding for working capital requirement of the company and at last into general corporate purposes.

Toss The Coin IPO: Key Dates, Allotment, Listing Date

Toss The Coin IPO Subscription Details, IPO Reservation

Toss The Coin IPO subscription reservations are as follows: not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, not less than 35% of the net offer is reserved for the retail category and not less than 15% of the net offer is reserved for the HNI category.

Toss The Coin IPO Lot Size Details

Toss The Coin IPO lot size is set at 600 shares per lot. The minimum funds required for retail investors to participate in this IPO is Rs 1,09,200 (182 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,18,400 (182 x 1200 shares).

Toss The Coin IPO Promoter Holdings

Toss The Coin IPO promoters are Mr Narayanan Jayan, Mrs Reshma Budhia and Mr Sudhanshu Budhia. The promoter's combined shareholdings before the IPO were 80%; however, post-IPO, their shareholdings will decline to 58.67%.

Toss The Coin Limited Company Financials (Amt in Lakhs)

Lead Manager and Registrar of Toss The Coin IPO

The IPO is managed by Beeline Capital Advisors Private Limited, which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

How to apply to the Toss The Coin IPO

Interested investors who wants to apply to the Toss The Coin IPO can directly apply from the Bigul trading app, or you can apply here. You can also check the details of other upcoming IPO on the Bigul platform.

Toss The Coin IPO FAQs

1. What are the core details available of the Toss The Coin IPO?

Toss The Coin IPO is a book-built issue worth up to Rs 9.17 crores. This upcoming IPO is entirely a fresh issue of up to 5.04 lakh equity shares which would be worth up to Rs 9.17 crores.

2. What is the Toss The Coin IPO open date and close date?

Toss The Coin IPO subscription opens on Tuesday, December 10, 2024, and closes on Thursday, December 12, 2024.

3. What is Toss The Coin IPO GMP?

Currently, Toss The Coin IPO GMP (grey market premium) is Rs 0. It is expected that the listing price can same as the allotment price that is Rs 182 per share. However, if the subscription is oversubscribed, then Toss The Coin IPO GMP may go up.

4. How do you check the IPO Allotment status?

Toss The Coin IPO Allotment details are available on its registrar, Link Intime India Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead managers for Toss The Coin IPO?

The IPO is managed by Beeline Capital Advisors Private Limited which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?