Toss The Coin IPO Allotment Status

Checking the Toss The Coin IPO Allotment Status

Steps to Check Allotment Status on BSE

1. Open the Application Status page of BSE here.
2. Select Equity under the issue type.
3. Select 'Toss The Coin' under the issue name.
4. Enter your IPO application number or PAN details.
5. Check the 'I am not a Robot' box.
6. Click on the Search button to check the details of the allotment status.

Steps to Check Allotment Status on Skyline Financial Services

1. Go to the official website of the registrar Skyline Financial Services Pvt. Ltd. here.
2. Under the Check Application Status dropdown menu, select 'Toss The Coin'
3. Choose from DPID/Client ID, Application Number, or PAN.
4. Enter the details as per your selection.
5. Click on Search to view the allotment status.

Toss The Coin Ltd Overview

Incorporated in 2020, Toss the Coin Limited is a marketing consulting company that provides custom-made marketing services to clients. 

The Company offers marketing consulting services for B2B Tech Companies. They have experience working with multiple technology organizations, big and small, to craft their GTM strategies from branding, content development, designs, websites, social media campaigns, customer success management, and design thinking-based problem-solving workshops to consulting.

Their  major services include the CMO (Chief Marketing Officer) Office, GTM (Go To Market) Office, Sales Enablement, Design Studio, Internal Branding, and Kathai AI Solutions

Toss The Coin Ltd's revenue increased by 2.49%, and profit after tax (PAT) dropped by 38.39% between the financial years ended March 31, 2024, and March 31, 2023. FY24 Revenues were 495 Cr vs. FY23 revenues of 484 Cr. In contrast, Profit After tax dipped from 178 Cr in FY23 to 110 Cr in FY24. However, numbers for the period ended September 2024 have shown good growth, with revenues and profits standing at 439 Cr and 116 Cr, respectively.  

Toss The Coin Ltd IPO Day 3 Subscription Status 

(December 12, 2024, End of Day) 

On the third day of bidding, the Toss The Coin IPO achieved a subscription rate of 1025.76 times the total shares on offer. 

• The Non-Institutional Investors (NIIs) showed tremendous interest, subscribing 964.18 times their designated quota. 
• The Retail Investors segment also garnered exceptional participation, with subscriptions soaring to 1550.76 times their allocation. 
• Meanwhile, the Qualified Institutional Buyers (QIBs) recorded a subscription level of 147.69 times.

Utilization of IPO Proceeds

The IPO proceeds will be allocated to the following strategic initiatives:

• Development of New Service: To invest funds in developing microservices application.
• New Office Capex: They also intend to buy a new office with the issue of the proceeds.
• General Working Capital: The nature of the business requires working capital funds. A part of it will be met by the IPO proceeds. 
• General Corporate Purposes: Allocate funds for general corporate requirements.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.