Market News
Toss The Coin's ₹9.17 crore IPO subscribed 466 times so far on Day 3, retail part booked 843x; check key dates
2 min read | Updated on December 12, 2024, 12:24 IST
SUMMARY
Toss The Coin IPO, which will finalise its allotment on December 13, is offering 5.05 crore new equity shares worth ₹9.17 crore. It has a price range of ₹172-₹182 per share.
An investor can bid for a minimum of 600 shares worth ₹109,200
Toss The Coin IPO is having a spectacular run as the initial public offering has received 465.98 times the subscription so far on Thursday, December 12, the third day of bidding.
Non-institutional investors subscribed to their portion 261.85 times, bidding for 2.56 crore shares against 97,800 reserved for them.
The quota for qualified institutional buyers (QIBs) was subscribed 10.59 times as they bid for 10.10 lakh shares against 95,400 shares on offer.
The issue proceeds will be used to develop a microservices application, open new offices, meet working capital requirements, and for general corporate purposes.
Toss The Coin IPO lot size
An investor can bid for a minimum of 600 shares worth ₹109,200. For high net-worth individuals, the minimum investment requirement is ₹218,400 for 1,200 shares.
Toss The Coin IPO: Allotment and listing date
| Events | Dates |
|---|---|
| IPO bidding period | December 10 to December 12 |
| Allotment | December 13 |
| Refunds | December 16 |
| Credit of Shares to Demat | December 16 |
| Listing on BSE SME | December 17 |
The sole book-running lead manager for the issue is Beeline Capital Advisors. The registrar for the IPO is Link Intime India.
About the company
Toss The Coin offers marketing consulting services for business-to-business (B2B) organisations in the technology sector. It works with tech organisations to help them with go-to-market strategies from branding, designs, content development, social media campaigns, partner/customer success management, and websites to consulting.
About The Author
Next Story
