The Toss The Coin Limited IPO opened for subscription on December 10, 2024, and will close on December 12, 2024. It is an SME IPO aiming to raise ₹9.17 crore through the issuance of 504,000 shares. Here are the key details:
Toss The Coin Limited is a marketing consulting company that focuses on providing strategic solutions for B2B technology organizations. Here’s a deeper dive into the company:
- Price Band: ₹172–₹182 per equity share.
- Lot Size: 600 shares, meaning the minimum investment is ₹109,200.
- Subscription Status: As of now, the IPO has been subscribed 84.79 times, with high demand in the retail category.
- Listing Date: Shares are expected to be listed on the BSE SME platform on December 17, 2024.
- Allotment Date: Final allotment is set for December 13, 2024.
Background and Core Business
Incorporation: Founded in 2020.
Headquarters: Located in Chennai, India.
Core Services: The company offers a suite of services tailored for tech companies, including:
- Marketing strategy development.
- Branding and content creation.
- Design services.
- Website development.
- Social media campaigns.
- Customer success managementDesign-thinking workshops.
Business Model and Values
Target Market: Primarily serves technology organizations of various sizes.
Focus Areas:
- Strategizing for sales and demand generation.
- Creating impactful marketing collaterals.
- Enhancing brand narratives.
- Running creative and scalable marketing campaigns.
Vision: To be a marketing partner that blends creativity with technology, enabling businesses to achieve sustainable growth
Financial Highlights
- Revenue: ₹4.96 crore in FY2024, a slight increase from ₹4.83 crore in FY2023.
- Profitability: Net profit dropped to ₹1.10 crore in FY2024 from ₹1.78 crore in FY2023.
- Assets: Grew to ₹5.15 crore in FY2024, up from ₹4.50 crore in FY2023
IPO Objectives
The funds raised through the IPO will be used for:
(1) Developing microservices applications.
(2) Opening new office spaces.
(3) Supporting working capital requirements.
(4) General corporate purposes.
Promoters
The company is led by:
- Mr. Narayanan Jayan
- Mrs. Reshma Budhia
- Mr. Sudhanshu Budhia
Growth Potential
With a strong focus on B2B tech marketing and a growing client base, Toss The Coin Limited aims to leverage IPO proceeds to scale operations and expand its technological capabilities. The IPO’s robust subscription indicates investor confidence in the company’s growth trajectory
For more detailed information, you can visit the company’s website or refer to their IPO prospectus available online.
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