Toss The Coin IPO
- IPO Date10 Dec, 2024 to 12 Dec, 2024
- Listing Date17 Dec, 2024
- Face Value₹10 per share
- Issue Price₹172 to ₹182 per share
- Lot Size600 Shares
- Minimum Investment₹1,09,200
- Listing AtBSE SME
- Total Issue Size5,04,000 Shares
(aggregating up to ₹9.17 Cr) - Fresh Issue5,04,000 Shares
(aggregating up to ₹9.17 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue13,86,000
- Shareholding post issue18,90,000
IPO Dates
Closing Date
12 Dec, 2024
Initiation of Refunds
16 Dec, 2024
Listing Date
17 Dec, 2024
10 Dec, 2024
Opening Date
13 Dec, 2024
Basis of Allotment
16 Dec, 2024
Credit of Shares
Toss The Coin Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 600 | ₹1,09,200 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 600 | ₹1,09,200 |
| S-HNI (Min) | 2 | 1200 | ₹2,18,400 |
Toss The Coin Promoter Holding
Mr. Narayanan Jayan, Mrs. Reshma Budhia and Mr. Sudhanshu Budhia are the promoters of the Company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 80% | 58.67% |
Toss The Coin COMPANY INFORMATION
Toss The Coin IPO is a book built issue of Rs 9.17 crores. The issue is entirely a fresh issue of 5.04 lakh shares. Toss The Coin IPO opens for subscription on December 10, 2024 and closes on December 12, 2024. The allotment for the Toss The Coin IPO is expected to be finalized on Friday, December 13, 2024. Toss The Coin IPO will list on BSE SME with tentative listing date fixed as Tuesday, December 17, 2024. Toss The Coin IPO price band is set at ₹172 to ₹182 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹218,400. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Toss The Coin IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Toss The Coin IPO is Spread X Securities. Refer to Toss The Coin IPO RHP for detailed information.
Incorporated in 2020, Toss the Coin Limited is a marketing consulting company that provides custom-made marketing services to clients.
The Company offers marketing consulting services for B2B Tech Companies. They have experience working with multiple technology organizations, big and small, to craft their GTM strategies from branding, content development, designs, websites, social media campaigns, customer success management, and design thinking-based problem-solving workshops to consulting.
As of September 30, 2024, The Company has 43 employees.
Their Services:
- CMO (Chief Marketing Officer) Office: As a CMO office, They offer strategic consulting and advisory to small and medium enterprises.
- GTM (Go To Market) Office: This is the go-to-market service that they offer to clients as short-term projects, organizations to build their brand identity (logo, brand positioning), website strategy and development, and GTM collaterals like pitch presentations, brochures, and emailers.
- Sales Enablement: They offer demand generation, Request for Proposal strategy and content, and performance management.
- Design Studio: This is their bespoke design studio. Under this, they offer all kinds of graphics and video services. This includes presentation enhancements, graphic designing, video production, UX/UI, and 3D designing.
- Internal Branding: This is the CMO office for major GCC (Global Capability Center) players, Under this, they offer employer branding services to attract and retain talent.
- Kathai AI Solutions: This is the dedicated AI-based API (Application Programming Interface) production vertical. This is an internal vertical where they aim to build AI APIs to solve the most common marketing challenges.
Their Strengths:
- Specializing in tech B2B allows them to understand industry trends and deliver tailored, effective solutions.
- The smaller size enables rapid adaptability, letting us adjust strategies and respond quickly to feedback.
- They offer personalized attention, creating stronger client relationships that lead to loyalty and valuable referrals.
- They innovate and experiment with new strategies, technologies, and creative campaigns to differentiate themselves.
- Lower overhead costs allow them to offer competitive pricing, making them attractive to budget-conscious clients.
- They prioritize customer needs, providing exceptional service that fosters long-term, trust-based business relationships.
- Their strong digital marketing capabilities, combined with continuous learning, ensure they stay ahead in the market.
Toss The Coin IPO
IPO Overview and Key Highlights
Toss The Coin, a Chennai-based company specializing in digital solutions, is launching its Initial Public Offering (IPO). This IPO consists of a fresh issue of up to 5,04,000 equity shares at a face value of Rs 10 each. The funds raised will be utilized for working capital requirements, business expansion, and corporate purposes. Shares will be listed on the BSE SME Platform?.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: Up to 5,04,000 equity shares
- Face Value: Rs 10 per share
- Offer Opens: December 10, 2024
- Offer Closes: December 12, 2024
- Listing Exchange: BSE SME
Company Overview
Established in 2020, Toss The Coin is a digital services provider offering technology-driven solutions such as software development, AI integration, and IT consulting. With a strong focus on innovation and customer-centric services, the company aims to leverage technology to enhance business operations. Promoters Narayanan Jayan, Reshma Budhia, and Sudhanshu Budhia bring extensive expertise in technology and business strategy?.
Financial Overview
The company has demonstrated steady growth in financial performance, driven by its strong service portfolio and increasing demand for digital transformation services. The IPO proceeds will strengthen the company’s operational capacity and support future expansion plans.
Key Strengths of Toss The Coin
- Innovative Service Offerings: Specializes in cutting-edge technology solutions such as AI and software development.
- Experienced Promoters: Backed by leadership with deep expertise in technology and business.
- Growing Market Demand: Positioned to benefit from the increasing adoption of digital solutions across industries?.
IPO Pros and Cons
Pros
- Tech Industry Growth: Rising demand for IT and digital solutions drives market opportunities.
- Funds for Expansion: Proceeds to enhance operational capabilities and service portfolio.
- Niche Market Focus: Specialization in emerging technologies like AI adds competitive advantage.
Cons
- Market Dependency: Revenue tied to the performance of tech-driven industries.
- Competition: Intense competition from other established IT service providers.
- First Public Issue: Uncertainty about post-listing performance?.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Dependence on IT and tech market conditions.
- Operational Challenges: Scaling operations without compromising quality.
- Regulatory Compliance: Adhering to data protection and technology-related laws?
Conclusion
The Toss The Coin IPO provides an opportunity to invest in a company specializing in cutting-edge digital solutions. With its strong service portfolio and experienced leadership, the company is well-positioned for growth. However, investors should assess potential risks such as market competition and operational scalability before making investment decisions.
FAQs About Toss The Coin Ipo
Toss The Coin IPO will open on 10 Dec, 2024 and close on 12 Dec, 2024. Investors must apply within this period to participate.
The Toss The Coin IPO price band is set between ₹172.00 and ₹182.00 per share. The minimum lot size is 600, requiring an investment of at least ₹109200.00.
The Toss The Coin IPO shares are expected to be listed on 17 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Toss The Coin IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Toss The Coin IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.