Toss the Coin Limited is set to launch its IPO. The opening date is 10 December 2024, and it will close on 12 December 2024. This will be a 100% book-built issue. Through this Initial Public Offering, the company aims to raise funds by issuing a total of 5,04,000 equity shares. The IPO will consist entirely of a fresh issue of 5,04,000 equity shares. The face value of shares is ₹10 per share. The price band for the Toss the Coin Limited IPO is set between ₹172 and ₹182.
Toss the Coin Limited was established in 2020 . it is a Chennai based company which specializes in marketing and branding services. The company helps businesses grow by offering tailored solutions such as lead generation, pre-sales support, and communication strategies. The company has a focus on innovation and creativity and it aims to deliver effective marketing campaigns that help clients succeed in competitive markets.
IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open & Close Dates | December 10, 2024 to December 12, 2024 |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹172 to ₹182 per share | |
| Offer Structure | Total Issue Size | 5,04,000 equity shares |
| Fresh Issue | 5,04,000 equity shares | |
| Market Maker Reservation | 25,800 equity shares | |
| Investor Details | Lot Size | 600 shares |
| Listing Exchange | BSE SME | |
| IPO Type | 100% Book Built Issue IPO |
Important Dates of the IPO
| Event | Date |
|---|---|
| IPO Opening Date | Tuesday, December 10, 2024 |
| IPO Closing Date | Thursday, December 12, 2024 |
| Basis of Allotment | Friday, December 13, 2024 |
| Initiation of Refunds | Monday, December 16, 2024 |
| Credit of Shares to Demat | Monday, December 16, 2024 |
| Listing Date | Tuesday, December 17, 2024 |
What is GMP of Toss the Coin IPO Today?
As of December 06, 2024, the Grey Market Premium (GMP) for the Jungle Camps India IPO is ₹75. This indicates that the shares are expected to list at approximately ₹147 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standings
| Metric | 30 Sep 2024 (₹ Lakhs) | 31 Mar 2024 (₹ Lakhs) | 31 Mar 2023 (₹ Lakhs) | 31 Mar 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Total Assets | 595.49 | 515.47 | 450.41 | 243.40 |
| Total Revenue | 438.68 | 495.53 | 483.48 | 299.85 |
| Total Expenses | 283.18 | 348.64 | 244.33 | 159.68 |
| Profit After Tax | 116.14 | 109.85 | 178.29 | 104.98 |
| Company’s Net Worth | 498.99 | 445.85 | 361.20 | 190.47 |
| Reserves & Surplus | 360.39 | 433.25 | 348.60 | 177.87 |
Toss the Coin Limited has seen steady growth in its total assets, increasing from ₹243.40 lakhs in FY 2022 to ₹595.49 lakhs by 30 September 2024, showing its expansion and strengthening operations.
The company’s revenue has also grown consistently, rising from ₹299.85 lakhs in FY 2022 to ₹438.68 lakhs as of 30 September 2024, reflecting its ability to grow in a competitive market.
Despite the increase in expenses, the company has managed to maintain profitability, with its Profit After Tax (PAT) improving from ₹104.98 lakhs in FY 2022 to ₹116.14 lakhs as of 30 September 2024, showing good financial control and a focus on sustainable growth.
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 27.22% |
| Return on Capital Employed (ROCE) | 34.32% |
| Return on Net Worth (RoNW) | 24.64% |
| Price to Book Value (P/BV) | ₹5.66 |
| Profit After Tax (PAT) Margin (%) | 22.59% |
| Net Asset Value (NAV) | ₹32.17 |
| Earnings Per Share (EPS) | ₹7.93 (Basic & Diluted) |
| EBITDA Margin (%) | 29.78% |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 600 | ₹109,200 |
| Retail Investor (Maximum Lot) | 1 | 600 | ₹109,200 |
| HNI Investor (Minimum Lot) | 2 | 1,200 | ₹218,400 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | Not more than 50% of the Net Offer |
| Shares Reserved for Retail Investors | Not less than 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | Not less than 15% of the Net Offer |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended Sep 30, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | ₹81.96 | ₹70.43 | ₹138.86 | ₹86.14 |
| Net Cash Flow from Investing Activities | -₹18.77 | ₹4.25 | -₹10.67 | -₹2.14 |
| Net Cash used in Financing Activities | -₹62.87 | -₹25.25 | -₹7.56 | -₹3.96 |
Revenue Breakdown by Geography
| Region | September 30, 2024 (₹ in Lakhs) | FY 2024 (₹ in Lakhs) | FY 2023 (₹ in Lakhs) | FY 2022 (₹ in Lakhs) |
|---|---|---|---|---|
| India | 192.17 | 200.25 | 303.49 | 219.44 |
| United States of America | 171.21 | 178.04 | 107.82 | 65.53 |
| Europe | 50.97 | 69.72 | 33.95 | 9.65 |
| Australia | 21.33 | 25.81 | 12.21 | 2.71 |
| South East Asia | 0.00 | 12.37 | 20.88 | 0.00 |
| Total Revenue | 435.68 | 486.19 | 478.35 | 297.33 |
Key Objects of the Issue
The fund raised through this issue will be used for the following purposes.
- Development of micro-services applications.
- Capital expenditure for opening new offices.
- Working capital requirements.
- For general corporate purposes.
Strengths & Weaknesses of Toss the Coin Ltd
Strengths:
- A debt-free company with no leverage, ensuring financial stability
- A strong and experienced management team.
- Proven financial growth with consistent revenue and profitability.
- Significant export contribution, with 56% of total revenue from international market.
Weaknesses:
- Dependence on key management personnel.
- Dependency on few selected customers.
- Risks associated with leasing key operational properties.
- Too much importance given to the operations in Chennai, which may limit the geographical diversification.
Popular Questions
- What are the opening and closing dates for the Toss the Coin Limited IPO?
The issue opens on December 10, 2024, and closes on December 12, 2024. - What is the issue price for the Toss the Coin Limited public issue?
The price band is ₹172 to ₹182 per equity share. - What is the minimum lot size for retail investors in this offer?
Retail investors can bid for a minimum of 600 shares, amounting to ₹1,09,200 (at the upper price band). - Who is the lead manager for this issue?
The lead manager is Beeline Capital Advisors Private Limited. - Who is the registrar for the Toss the Coin Limited public offering?
The registrar is Link Intime India Private Limited. - What are the main objectives of this issue?
The funds will be utilized for the development of microservices applications, setting up new offices, meeting working capital requirements, and general corporate purposes. - On which stock exchange will the shares be listed?
The shares are proposed to be listed on the BSE SME platform. - What is the total issue size for the Toss the Coin Limited issue?
The total issue comprises 5,04,000 equity shares. - When will the allotment and refund process begin?
The allotment date is December 13, 2024, and refunds will begin on December 16, 2024. - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on December 16, 2024. - What is the expected listing date for the IPO?
The shares are expected to list on December 17, 2024.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Toss the Coin Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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