Toss The Coin IPO allotment: Here’s how to check status online on Link Intime India, BSE

Toss The Coin IPO allotment: The initial public offering (IPO) of Toss The Coin, which offers marketing consulting services to B2B companies in the technology sector, received a robust response from investors. The ₹9.17-crore public offer closed on Thursday, December 12, with a bumper subscription of over 1,025 times, driven by retail investors. The retail portion of the IPO was booked a whopping 1,550 times.

After the successful bidding process, the IPO investors are now waiting for the share allocation. The bidders can check the IPO share allotment status on the websites of IPO registrar Link Intime India Pvt. Ltd and the BSE.

The company will inform successful bidders about the allotment through SMS and email once the share allocation is finalised.

• Open Link Intime India Pvt Ltd website at https://www.linkintime.co.in/
• Click on investor services on the main menu and select ‘Public Issues’
• Chose Toss The Coin Ltd from the list of issue names
• Enter any of these— application number, PAN, DP/Client ID or Account Number/IFSC
• Click on ‘Submit’ to check allotment status

• Open the BSE IPO allotment status page at https://www.bseindia.com/investors/appli_check.aspx
• Select Toss The Coin Ltd from the list of company names
• Enter PAN details or application number
• Submit to check details

Toss The Coin IPO booked over 1,025 times

Toss The Coin IPO received bids for over 34.4 crore shares against 3.35 lakh shares on offer, leading to an overall subscription of 1,025.83 times on the last day of bidding.

Leading the demand, retail individual investors placed bids for 26.05 crore shares against 1.68 lakh shares reserved for them. The retail category of the IPO was booked 1,550.76 times. The Non-Institutional Investors (NIIs) placed bids for 6.94 crore shares against the allocated portion of 72,000 shares. The NIIs booked their category 964.54 times.

The Qualified Institutional Buyers (QIBs) applied for 1.4 crore shares against 95,400 shares on offer, leading to subscriptions of nearly 148 times in the segment.

The company had earlier raised ₹2.6 crore from anchor investors. The company allotted 142,800 shares to two fund schemes – Next Orbit Ventures Fund and Evergrow Capital Opportunities Fund - at ₹182 per share.

Toss The Coin IPO details

Toss The Coin IPO comprised 5.04 crore new equity shares worth ₹9.17 crore. The company had set the price band at ₹172 to ₹182 per share for the IPO.

Toss The Coin had fixed the lot size at 600 shares, aggregating to a minimum investment of ₹1,09,200 for retail investors. For high net-worth individuals, the minimum investment was ₹2,18,400 for at least two lots of 1,200 shares.

After the IPO allotment, the company will initiate refunds and transfer of shares to the Demat accounts on December 16. The IPO listing date has been tentatively finalised at December 17. Shares of Toss The Coin will be listed on the BSE SME platform.

About Toss The Coin

Toss The Coin provides marketing solutions for B2B companies in the technology sector. The company provides go-to-market strategies, encompassing branding, designs, content development, social media campaigns, customer management and web designing, for tech companies.

The company plans to utilise the issue proceeds to develop a microservices application. A portion of the funds will also be used for opening new offices, working capital requirements and general corporate purposes.