Toss the coin Services IPO subscribed overall 1,025.76 times on the last day, while A retail quota was subscribed 1,550.76 times, QIB was subscribed 147.69 times, and NII quota subscribed by 964.18 times respectively.
Details About Toss the Coin IPO
Toss the coin got approval from SEBI for an IPO of ₹9.17 crores to raise funds and maintain financial stability. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹172 to ₹182 per share. In this IPO total of 600 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 600 shares in 1 lot size, while S-HNI (Min) total of 1200 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹109,200 and maximum investment of ₹109,200.
- Small HNI (S-HNI): Minimum investment of ₹218,400.
Subscription duration of Toss the Coin IPO
The Toss the Coin Services IPO subscription opening date was 10 December and the close date was 12 December. The Toss the Coin Services IPO allotment was finalized on December 13 and the IPO listing is on December 17.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- Funding capital expenditure for the Development of Microservices Application.
- Funding capital Expenditure for opening New Offices
- Funding Working Capital Requirement of the Company
- General Corporate Purpose
About Toss the Coin Services IPO
Toss The Coin was incorporated in 2020 with the business of marketing consultancy, it provides custom marketing to clients for their business growth. Their plan is smart, creative, and satisfactory for the environment. The company has a skilled team experienced in all technologies, helping businesses succeed with smart and innovative marketing plans. With years of experience and dedication in tech marketing, the company assists businesses, with out-of-the-box, and hit-the-market strategies. Moreover, It has creative strategies to boost sales and generate demand, prepare impactful content for customer interactions, and reinforce brand messaging through unique stories, attractive designs, and sustainable products. Running marketing and preparing content campaigns to accelerate business growth and enhance brand visibility are the key principles of this company. Moreover, its revenue has increased from FY 2022 to FY 2024, rising from INR 297.33 lakhs to INR 486.19 lakhs, respectively. For more capital growth it’s about to launch an IPO valued at Rs 9.17 crores.
Toss the coin Services IPO Financial Background
The company reported revenue of ₹4.96 crore in 2024 against ₹4.83 crore in 2023. The company reported Profit of ₹1.10 crores in 2024 against Profit of ₹1.78 crores in 2023.
