The upcoming Toss The Coin SME IPO is set to open on December 10. This Chennai-based company specializes in providing tailored marketing solutions to B2B clients and tech organizations. The IPO is priced within a band of ₹172-₹182 per share, aiming to raise approximately ₹9.17 crore. Investors can subscribe until December 12, and shares will be listed on the BSE SME platform starting December 17.
Key Details of Toss The Coin SME IPO
- IPO Size: The company plans to issue 5.04 lakh fresh equity shares. Notably, there will be no Offer for Sale (OFS), meaning all funds raised will go directly to the company.
- Reservation Quota:
- 50% is reserved for Qualified Institutional Buyers (QIBs) (excluding the market maker portion).
- 35% is allocated to retail investors.
- The remaining 15% is set aside for non-institutional investors.
- Minimum Investment: Retail investors must bid for at least 600 shares, amounting to a minimum investment of ₹1,09,200.
How Toss The Coin Plans to Utilize the Funds
The company aims to allocate the IPO proceeds toward the following initiatives:
- Development of Microservices Applications.
- Opening New Offices.
- Working Capital Requirements.
- Any remaining funds will be used for general corporate purposes.
About Toss The Coin Limited:
Toss The Coin is a Chennai-based marketing consulting company providing customized marketing solutions to B2B clients. Their expertise lies in offering innovative, tech-driven services that cater to client-specific needs.
December’s Sixth SME IPO:
Toss The Coin’s IPO is the sixth SME IPO to launch in December. The previous IPOs include Purple United Sales, Jungle Camps India, Dhanlakshmi Crop Science, Emerald Tyre Manufacturers, and Nisss Finance Services. Beeline Capital Advisors is acting as the merchant banker for this public issue.
Why Investors Should Pay Attention:
This IPO offers an exciting opportunity for those looking to invest in a growing tech-driven marketing firm. With a clear strategy for fund allocation and a robust business model, Toss The Coin stands out in the SME segment.
