Toss The Coin IPO Listing: Stock lists at 90% premium on BSE SME
Toss The Coin IPO Listing
Toss The Coin IPO Listing: Investors See Money Doubled on Listing, Upper Circuit Limit Hit After Entry at 90% Premium
The Toss The Coin IPO, which raised ₹9.17 crore, opened for subscription from December 10 to December 12, 2024. The marketing consulting company’s shares have now made a remarkable debut today on the BSE SME platform.
From the very first moment of listing, the shares saw a massive jump, climbing by 90% from the issue price, and further surged to the upper circuit limit, providing IPO investors with substantial returns on their initial investment.
Toss The Coin’s IPO listing has been a resounding success, attracting strong demand from retail investors and positioning the company for future growth in a competitive industry.
A Phenomenal Listing Performance
Toss The Coin’s shares were issued at ₹182 per share under its IPO. Upon listing today, they made a remarkable debut on the BSE SME platform at ₹345.80, representing a 90% premium over the issue price.
This initial leap marked a highly successful opening for the company and instantly rewarded investors who had subscribed to the issue. However, the stock didn’t stop there – it continued to climb further, reaching the upper circuit limit of ₹363.05.
This represented an over 100% increase from the IPO price, with IPO investors effectively doubling their money within hours of listing.
By the end of the trading day, the stock closed at ₹363.05, reflecting a solid performance on its first day of trading.
The company’s shares were listed on the BSE SME platform, which is home to small and medium-sized enterprises looking to raise capital through public offerings.
The successful listing of Toss The Coin’s shares on this platform highlights both the confidence investors have in the company’s prospects and the growing appeal of SMEs in India’s stock market.
Exceptional Demand and Overwhelming Subscription
The Toss The Coin IPO was met with overwhelming enthusiasm from investors, which translated into an extraordinary subscription rate.
The IPO was oversubscribed by a jaw-dropping 1,025.76 times, showcasing the tremendous investor interest.
Retail investors showed the strongest support, with their portion oversubscribed by an astonishing 1,550.76 times, indicating high confidence in the company’s growth trajectory and future potential.
This massive demand from the retail segment highlights the appeal of the marketing consulting firm among individual investors.
Institutional investors also expressed significant interest, with the Qualified Institutional Buyers (QIB) portion being subscribed 147.69 times, and the Non-Institutional Investors (NII) portion oversubscribed 964.18 times.
Such a high level of subscription across all investor categories indicates strong market sentiment and a growing belief in Toss The Coin’s business model and future prospects.
The IPO raised a total of ₹9.17 crore by issuing 5.04 lakh new shares with a face value of ₹10 each. The success of the offering underlines the robust demand for shares of new-age companies with high growth potential in the ever-evolving technology and consulting sectors.
Toss The Coin plans to use the proceeds from the IPO for various strategic initiatives, including the development of microservices applications, expansion into new offices, meeting working capital requirements, and funding general corporate purposes.
IPO Performance Highlights
- Issue Price: ₹182 per share
- Listing Price: ₹345.80 (90% premium)
- Upper Circuit Price: ₹363.05 (100% gain on the first day)
- IPO Subscription: Oversubscribed 1,025.76 times
- Retail Subscription: Oversubscribed 1,550.76 times
- QIB Subscription: Oversubscribed 147.69 times
- NII Subscription: Oversubscribed 964.18 times
The strong market response to Toss The Coin’s IPO signals that the company is well-positioned to succeed in the rapidly growing marketing consulting industry.
This successful debut could also encourage other companies in the same sector to consider public listings to raise capital and fuel their growth ambitions.
The Company Behind the IPO: Toss The Coin
Founded in 2020, Toss The Coin is a marketing consulting firm that specializes in providing marketing services to its B2B (business-to-business) tech clients.
The company offers tailored solutions, focusing on strategic marketing and digital transformation to help businesses enhance their market reach, build strong customer relationships, and boost sales.
With its deep understanding of the technology sector and expertise in marketing, Toss The Coin has quickly gained a reputation for delivering results-driven solutions for its clients.
In terms of financial performance, Toss The Coin has shown steady growth. In FY 2022, the company posted a net profit of ₹1.05 crore, which increased to ₹1.78 crore in FY 2023.
However, in FY 2024, the company’s net profit slightly declined to ₹1.10 crore. Despite this dip, Toss The Coin’s revenue has seen impressive growth, achieving a compound annual growth rate (CAGR) of over 28% in the last three years.
The company’s revenue reached ₹4.96 crore in FY 2023, demonstrating its ability to expand its business and attract new clients.
For the first half of FY 2024-25 (April–September 2024), Toss The Coin reported a net profit of ₹1.16 crore and revenue of ₹4.39 crore.
These figures suggest that the company is on track to recover and return to a growth trajectory, despite the challenges faced in FY 2024.
Toss The Coin’s focus on technology-driven marketing solutions, coupled with its ability to adapt to the needs of its clients, positions it well for sustained growth in the future.
Future Outlook
The successful listing of Toss The Coin’s shares on the BSE SME platform marks just the beginning of its journey as a publicly listed company.
With its strong financial performance and impressive debut on the stock exchange, Toss The Coin is poised to expand its footprint in the marketing consulting sector.
The funds raised from the IPO will be used strategically to fuel the company’s growth, particularly in expanding its service offerings, enhancing its technological capabilities, and strengthening its market presence.
The Indian marketing industry is experiencing rapid growth, driven by increasing digitalization, the need for businesses to adopt new technologies, and the growing importance of data-driven marketing strategies.
Toss The Coin is well-positioned to capitalize on these trends, leveraging its expertise in B2B tech marketing to help clients navigate the complexities of digital marketing and achieve their business objectives.
In conclusion, the Toss The Coin IPO has been an outstanding success, reflecting strong investor confidence in the company’s future.
With a stellar listing performance, overwhelming subscription, and a solid business model, Toss The Coin is set for continued growth and is well-positioned to become a leader in the marketing consulting space.
For investors who got in early, the listing gains are just the beginning, and the company’s future looks bright.
