The Toss The Coin Limited IPO is all set to hit the market on December 10, 2024, providing investors with an opportunity to invest in a promising marketing consulting company. This SME IPO is a book-built issue with a price band of ₹172 to ₹182 per share, targeting a total raise of ₹9.17 crores. Here's a complete guide with all the details you need.
Toss The Coin IPO Highlights
IPO Dates:
Open: December 10, 2024
Close: December 12, 2024
Listing Date:
Expected on December 17, 2024, on the BSE SME platform.
Price Band:
₹172 to ₹182 per share.
Lot Size:
A minimum of 600 shares, with an investment of ₹109,200 for retail investors.
Total Issue Size:
504,000 shares amounting to ₹9.17 Cr, entirely a fresh issue.
Market Capitalization:
Post-issue valuation stands at ₹34.4 Cr.
Financial Performance
Key Ratios:
ROE: 27.22%
ROCE: 34.32%
PAT Margin: 22.59%
IPO Investment Details
Retail Investors: Minimum investment of ₹109,200 for one lot (600 shares).
HNI Investors: Minimum investment of ₹218,400 for two lots (1,200 shares).
Anchor Investors:
On December 9, 2024, Toss The Coin raised ₹2.60 crores from anchor investors, allotting 142,800 shares.
Promoter Details
The company is promoted by Mr. Narayanan Jayan, Mrs. Reshma Budhia, and Mr. Sudhanshu Budhia. Post-IPO, the promoter shareholding will decrease from 80%
to 58.67%.
Disclaimer - This article does not provide any recommendation, investors are requested to consult there financial advisor before making any investment.