Toss The Coin IPO is a fresh issue of ₹9.17 crores, comprising 5.04 lakh equity shares. The IPO opens for subscription on December 10, 2024, and closes on December 12, 2024, with the allotment expected on December 13, 2024. Priced within a band of ₹172 to ₹182 per share, the IPO has a minimum application size of 600 shares, requiring retail investors to invest at least ₹109,200, while HNIs need to apply for at least two lots (₹218,400). The IPO is set to list on the BSE SME platform with a tentative listing date of December 17, 2024. With a retail quota of 35%, QIBs at 50%, and HNIs at 15%, Toss The Coin IPO aims to attract a diverse range of investors. The company’s recent financial performance indicates a steady revenue of ₹4.96 crores in 2024, making it a promising option for long-term investment consideration.
About Toss The Coin IPO
Incorporated in 2020, Toss The Coin Limited is a marketing consulting firm specializing in custom-made marketing solutions for B2B tech companies. The company offers services like branding, GTM strategies, content development, sales enablement, design studio solutions, and AI-powered marketing tools through its Kathai AI Solutions vertical. With a team of 43 skilled professionals, the company delivers innovative and tailored strategies to drive business growth. Toss The Coin has shown consistent revenue growth, from ₹297.33 lakhs in FY 2022 to ₹486.19 lakhs in FY 2024, and is set to launch its ₹9.17 crore IPO to fuel future expansion.
Toss The Coin IPO Details
| PO Date | December 10, 2024 to December 12, 2024 |
|---|---|
| Listing Date | 17th December |
| Face Value | ₹10 per share |
| Price Band | ₹172 to ₹182 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 504,000 shares |
| Fresh Issue | 504,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,386,000 |
| Share holding post issue | 1,890,000 |
Toss The Coin IPO Tentative Timeline and Key Dates
| Event | Date | Details |
|---|---|---|
| IPO Open Date | Tuesday, December 10, 2024 | Subscriptions open for investors. |
| IPO Close Date | Thursday, December 12, 2024 | Last day to apply for shares. |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on December 12, 2024 | Mandates must be confirmed by this time. |
| Basis of Allotment Finalization | Friday, December 13, 2024 | Allotment of shares to investors will be finalized. |
| Initiation of Refunds | Monday, December 16, 2024 | Refunds for unallotted shares will be initiated. |
| Credit of Shares to Demat Accounts | Monday, December 16, 2024 | Allotted shares will be credited to investors' demat accounts. |
| Listing Date | Tuesday, December 17, 2024 | Shares will be listed on the BSE SME platform. |
Toss The Coin IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples of 600 thereafter. Retail investors can only apply for up to 1 lot, while High Net-worth Individuals (HNIs) must apply for at least 2 lots. Below is a detailed table showing the minimum and maximum investment requirements for retail and HNI categories:
| Investor Category | Lots | Shares | Investment Amount | Eligibility |
|---|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹109,200 | Suitable for small retail investors. |
| Retail (Max) | 1 | 600 | ₹109,200 | Capped at 1 lot for retail applicants. |
| HNI (Min) | 2 | 1,200 | ₹218,400 | Must apply for at least 2 lots. |
| HNI (Max) | No Limit | Multiple of 600 | Based on application | Unlimited applications in multiples of 600 shares. |
Toss The Coin IPO Promoter Holding
Toss The Coin Limited is backed by a strong promoter group, including Mr. Narayanan Jayan, Mrs. Reshma Budhia, and Mr. Sudhanshu Budhia. The IPO will result in a reduction of promoter shareholding, as a portion of the equity is offered to the public. Below is the table illustrating the promoter’s shareholding before and after the IPO:
| Details | Percentage |
|---|---|
| Promoter Shareholding (Pre-Issue) | 80.00% |
| Promoter Shareholding (Post-Issue) | 58.67% |
Toss The Coin IPO Anchor Investors Details
Anchor investors play a crucial role in boosting confidence among retail and institutional investors by committing significant funds ahead of the IPO opening. Toss The Coin IPO has successfully raised ₹2.60 crores through anchor investors, with the details as follows:
| Details | Information |
|---|---|
| Bid Date | December 9, 2024 |
| Shares Offered to Anchor Investors | 142,800 |
| Anchor Portion Size | ₹2.60 Crores |
| Anchor Lock-in Period (50% Shares) | Ends on January 12, 2025 |
| Anchor Lock-in Period (Remaining Shares) | Ends on March 13, 2025 |
Anchor investors commit funds one day before the IPO opens, instilling market confidence and ensuring partial subscription ahead of public bidding. The lock-in periods for shares prevent immediate selling, maintaining stability in the stock during the initial listing phase.
Toss The Coin IPO: Company Financial Performance
Toss The Coin Limited has shown consistent growth in revenue over the years, reflecting its expanding operations and market presence. However, there has been a decline in profits in 2024 compared to 2023, attributed to increased expenses. Below is the detailed financial report of the company:
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | Profit After Tax (₹ Cr.) | Assets (₹ Cr.) | Profit Margin (%) |
|---|---|---|---|---|---|
| 2022 | ₹3.00 | ₹1.60 | ₹1.05 | ₹2.43 | 35.00% |
| 2023 | ₹4.83 | ₹2.44 | ₹1.78 | ₹4.50 | 36.85% |
| 2024 | ₹4.96 | ₹3.49 | ₹1.10 | ₹5.15 | 22.18% |
| September 2024 | ₹4.39 | ₹2.83 | ₹1.16 | ₹5.95 | 26.42% |
Key Observations:
- Revenue Growth: The company has shown steady revenue growth from ₹3.00 crores in 2022 to ₹4.96 crores in 2024.
- Expense Increase: Expenses rose significantly, impacting profit margins.
- Profit Decline: Profit declined in 2024 due to higher operational costs, showing a margin drop from 36.85% in 2023 to 22.18% in 2024.
- Asset Growth: The company’s total assets have increased year-on-year, indicating a strengthening balance sheet.
This financial data provides insights into the company’s operational efficiency, highlighting its strengths and areas requiring attention for sustainable growth.
Toss The Coin IPO: FY2024 Valuation Metrics
Toss The Coin IPO valuations offer insights into the company’s financial health and investment potential. The valuation indicators, such as Return on Equity (ROE), Return on Capital Employed (ROCE), and Profit Margins, showcase the company’s profitability and operational efficiency. Here’s a detailed look at the financial key performance indicators (KPIs):
| KPI | Values | Explanation |
|---|---|---|
| Return on Equity (ROE) | 27.22% | Indicates the company’s ability to generate profits from shareholders' equity investments. |
| Return on Capital Employed (ROCE) | 34.32% | Reflects the company’s efficiency in utilizing its capital to generate earnings before tax. |
| EBITDA Margin | 29.78% | Measures operating profitability as a percentage of total revenue. |
| PAT Margin | 22.59% | Indicates net profit generated as a percentage of total revenue. |
| Debt-to-Equity Ratio | – | The company currently operates without any debt. |
| Earnings Per Share (EPS) | ₹7.93 (Basic) | Represents the company's profitability per outstanding share. |
| Price/Earnings (P/E) Ratio | N/A | Not applicable due to no specific valuation benchmark provided for the IPO price band. |
| Return on Net Worth (RoNW) | 24.64% | Reflects how effectively the company generates profit using shareholders' equity. |
| Net Asset Value (NAV) | ₹32.17 | The value of the company’s total assets per share, indicating intrinsic financial strength. |
Objects of the Issue
The proceeds from the Toss The Coin IPO will be utilized for various strategic purposes aimed at business growth and operational expansion. Below is a concise breakdown of the objectives.
| Objective | Purpose |
|---|---|
| Development of Microservices Application | Funding capital expenditure to enhance technological capabilities and product offerings. |
| Opening New Offices | Allocating funds for geographic expansion and setting up new office spaces. |
| Working Capital Requirement | Strengthening the company's operational and financial liquidity. |
| General Corporate Purpose | Addressing other business needs and maintaining overall corporate flexibility. |
Toss The Coin Limited Contact Details
- Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: tosscoin.smeipo@linkintime.co.in
- Website: https://linkintime.co.in/initial_offer/public-issues.html
Toss The Coin IPO Registrar
- Phone: +91-22-4918 6270
- Email: tosscoin.smeipo@linkintime.co.in
- Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Address
- Toss The Coin Limited
- Old No. 29,
- New No.62, Abhiramapuram,
- 3rd Street, Abhiramapuram, Chennai – 600018
- Phone: +91 9840040096
- Email: info@tossthe.co.in
- Website: https://www.tossthe.co.in/
Conclusion
Toss The Coin IPO presents a promising opportunity for investors, offering 504,000 shares at a price band of ₹172 to ₹182 per share. The company, which provides B2B marketing consulting services, has shown steady growth with a slight dip in profit for FY 2024.
The IPO’s proceeds will fund technological development and office expansions, signaling a focus on long-term growth. With strong margins, a healthy return on equity, and a solid business model, Toss The Coin is well-positioned for future success. This IPO is a potential opportunity for long-term investors looking to tap into the growing tech marketing sector.
Toss The Coin IPO FAQs
What is the Toss The Coin IPO price band?
The price band for the Toss The Coin IPO is ₹172 to ₹182 per share.
When does the Toss The Coin IPO open?
The IPO opens on December 10, 2024, and closes on December 12, 2024.
What is the minimum investment for retail investors?
The minimum investment for retail investors is ₹109,200 for 600 shares.
What is the listing date for Toss The Coin IPO?
The IPO is expected to list on BSE SME on December 17, 2024.
What will the IPO proceeds be used for?
The funds will be used for capital expenditure, opening new offices, working capital requirements, and general corporate purposes.
What is the promoter holding in Toss The Coin post-issue?
The promoter holding post-issue will be 58.67%.