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Toss The Coin IPO
Toss The Coin Ltd
₹1,03,200 /600 sharesMinimum investment
IPO details
Minimum investment
₹1,03,200
Price range
₹172 - ₹182
Lot size
600
Issue size
9.17 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers61.08x
Non-Institutional Investor405.85x
Retail Individual Investor1,154.17x
Total662.85x
As of 12 Dec'24, 04:00 PM
Schedule
10 Dec 2024
IPO open date
12 Dec 2024
IPO close date
13 Dec 2024
Allotment date
13 Dec 2024
Funds unblock or debit
17 Dec 2024
Tentative listing date
About
Founded in
2020
MD/CEO
Mr. Narayanan Jayan
Parent organisation
Toss The Coin Ltd
Toss The Coin Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims that it is focused on the tech B2B sector. This allows the company to develop deep insights into the industry’s specific needs, challenges, and emerging trends.
As the company offers tailored marketing strategies and personalised attention, Toss the Coin fosters strong client relationships. This gives the company repeat business and referrals.
The company claims to be focused on building strategic relationships. Collaborating with businesses and industry influencers enables the company to expand its market reach, explore new opportunities, and engage in joint marketing initiatives that amplify impact.
The company claims to be an expert in leveraging digital channels and states that it effectively connects with and engages its target audience through social media, content marketing, SEO, and email marketing.
The company has observed a consistent increase in revenue from operations. Revenue from operations increased from Rs 2.97 crore in FY22 to Rs 4.78 crore in FY23 to Rs 4.86 crore in FY24.
The company’s operations are primarily concentrated in the Chennai region. Any adverse developments in the business environment of this region could negatively impact the company’s operations, growth and financial performance.
A significant portion of the company’s revenue comes from its top 10 clients. These customers contributed 76.32%, 73.20%, 63.22%, and 78.07% to the total revenue from operations for periods ending September 30, 2024, and FY24, FY23, and FY22, respectively. Any loss of any of these clients or a reduction in business from them can be detrimental to the company’s operations and finances.
The company’s success depends heavily on its promoter, management team, and skilled workforce. Any difficulty in attracting or retaining key personnel, or the loss of critical leadership, could harm the company’s business prospects.
The company is a part of the marketing industry and its reputation hinges on marketing campaigns and projects that it is responsible for. Any flaws in services provided or any ineffective campaigns that fail to boost popularity and awareness could lead to customer dissatisfaction, negative publicity, and significant losses, ultimately damaging the company’s brand reputation and impacting sales.
Application details
For Toss The Coin IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹172 - ₹182 | ₹2 - ₹5 Lakhs | 600 |
| High Networth Individual | ₹172 - ₹182 | ₹2 - ₹5 Lakhs | 600 |