The marketing consulting company, Toss The Coin IPO opened for subscription on December 10, 2024, and ended on December 12, 2024.
Toss The Coin IPO raised ₹9.17 crore through a book-built issue, offering 5.04 lakh fresh shares.
The price band was ₹172 to ₹182 per share, with a minimum investment of ₹1,09,200 for retail investors. As of December 12, 6:19 PM, the IPO was subscribed 1,025.76 times, with retail, QIB, and NII categories subscribing 1,550.76, 147.69, and 964.18 times, respectively.
The share allotment was finalised on December 13, 2024, and the shares were listed on BSE SME on December 17, 2024.
On the listing day, Toss The Coin share price opened at ₹345.80, up from its issue price of ₹182. At 10:57 AM, the share price was trading at ₹363.05, up by 4.99% from its opening price of ₹345.80 and 99.48% up from its issue price of ₹182. The company’s market cap was ₹68.62 crore.
Toss The Coin is a marketing consulting firm that provides tailored marketing services to clients, acting as growth accelerators. The company collaborates with other companies to offer a modern, fresh perspective on branding and focuses on go-to-market strategies that meet individual customer needs. Their expert team offers a broad range of services, including marketing, pre-sales, lead generation, branding, and communications, catering to various client requirements.
For the period ending September 30, 2024, the company’s total revenue was ₹438.68 lakh, compared to ₹495.53 lakh for the year ended March 31, 2024. The revenue for 2023 and 2022 were ₹483.48 lakh and ₹299.85 lakh, respectively. The profit after tax (PAT) for September 2024 stood at ₹116.14 lakh, which is higher than ₹109.85 lakh for March 2024. The PAT in 2023 was ₹178.29 lakh, while in 2022 it was ₹104.98 lakh.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 17, 2024, 1:03 PM IST
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