Toss The Coin IPO - Day 3 Subscription at 521.04 Times

Toss The Coin's IPO has concluded with extraordinary success, evidencing strong market confidence in their business model. The final subscription figures tell a compelling story of investor interest: achieving an overall subscription of 521.04 times by the closing bell on December 12, 2024. The retail investor segment's overwhelming response of 872.00 times subscription suggests strong confidence from individual investors in the company's growth story. The Non-Institutional Investors' participation at 373.92 times indicates substantial interest from larger investors, while the Qualified Institutional Buyers' subscription of 14.04 times demonstrates institutional confidence in the company's long-term prospects.

The subscription pattern over the three-day period shows consistent growth in investor interest, starting from Day 1's strong opening of 91.31 times and building momentum through Day 2's 369.60 times, before reaching the final impressive figures. This progressive increase in subscription rates across all categories suggests a well-received issue that resonated with different investor segments, particularly noteworthy for a small-cap company in the specialized B2B marketing consulting space.

Subscription Status of Toss The Coin IPO:

*As of 12:24 PM

Here are the subscription details for Toss The Coin IPO as of Day 3 (12th December 2024, 12:24 PM):

Toss The Coin IPO Key Highlights Day 3:

• Overall subscription soared to phenomenal 521.04 times on final day
• Retail investors led with massive 872.00 times subscription, worth ₹2,666.22 crores
• NII category showed exceptional interest at 373.92 times subscription
• QIB portion improved significantly to 14.04 times
• Total bids received for 17.47 crore shares worth ₹3,180.59 crores
• Applications reached 2,91,916, showing tremendous investor interest
• Final day response indicated overwhelming market confidence
• Historic subscription levels across all investor categories

Toss The Coin IPO - Day 2 Subscription at 369.60 Times

Key Highlights:

• Overall subscription reached 369.60 times, showing strong momentum
• Retail investors demonstrated robust interest at 628.42 times
• NII category showed strong participation at 255.23 times
• QIB portion improved to 0.15 times
• Second day response indicated growing market enthusiasm
• Significant improvement across all categories from day one
   

Toss The Coin IPO - Day 1 Subscription at 91.31 Times

Key Highlights:

• Overall subscription opened strong at 91.31 times
• Retail investors showed early interest with 156.19 times subscription
• NII category demonstrated good participation at 60.92 times
• QIB portion started at 0.01 times
• Opening day response reflected strong market confidence
• Initial subscription trend suggested exceptional investor appetite
   

About Toss The Coin Limited: 

Incorporated in 2020, Toss the Coin Limited represents a new generation of specialized marketing consultancies focused exclusively on the B2B technology sector. Operating with a lean yet highly skilled team of 43 professionals, the company has strategically positioned itself at the intersection of marketing expertise and technological innovation. Their service portfolio is structured across six comprehensive divisions, each addressing specific market needs: The CMO Office serves as a strategic consulting hub for small and medium enterprises, providing high-level marketing direction and advisory services. The GTM Office handles crucial market entry and brand development initiatives, helping clients establish their market presence through detailed brand identity development, website strategy, and marketing collateral creation.

The company's operational model extends beyond traditional marketing through their Sales Enablement division, which focuses on demand generation and proposal strategy, while their Design Studio delivers specialized creative services spanning from presentation enhancements to sophisticated 3D design work. Through their Internal Branding division, they've carved out a unique niche serving Global Capability Centers with employer branding initiatives. Perhaps most notably, their forward-looking approach is exemplified by Kathai AI Solutions, their proprietary AI-based API development vertical that aims to address common marketing challenges through technological innovation.

Despite being relatively young in the market, the company has demonstrated resilience and growth potential, achieving a 2.49% revenue increase in FY2024. This growth is particularly significant given the competitive nature of the B2B marketing landscape and reflects their success in building lasting relationships with technology clients. Their business model emphasizes personalized attention and rapid adaptability, allowing them to maintain competitive pricing while delivering tailored solutions that address specific client needs in the technology sector.
 

Highlights of the Toss The Coin IPO:

• IPO type: Book Built Issue
• IPO size: ₹9.17 crores
• Fresh Issue: 5.04 lakh shares
• Face value: ₹10 per share
• Price band: ₹172 to ₹182 per share
• Lot size: 600 shares
• Minimum investment for retail investors: ₹109,200
• Minimum investment for HNI: ₹218,400 (2 lots)
• Listing at: BSE SME
• IPO opens: December 10, 2024
• IPO closes: December 12, 2024
• Allotment date: December 13, 2024
• Refund initiation: December 16, 2024
• Credit of shares: December 16, 2024
• Listing date: December 17, 2024
• Lead Manager: Beeline Capital Advisors Pvt Ltd
• Registrar: Link Intime India Private Ltd
• Market Maker: Spread X Securities