Toss The Coin IPO Closed
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Schedule of Toss The Coin
| Issue open date | 10 Dec 2024 |
| Issue close date | 12 Dec 2024 |
| UPI mandate deadline | 12 Dec 2024 (5 PM) |
| Allotment finalization | 13 Dec 2024 |
| Refund initiation | 16 Dec 2024 |
| Share credit | 16 Dec 2024 |
| Listing date | 17 Dec 2024 |
| Mandate end date | 27 Dec 2024 |
| Lock-in end date for anchor investors (50%) | 12 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 13 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Toss The Coin
Incorporated in 2020, Toss the Coin Limited is a marketing consulting company providing services to B2B tech companies. The company offers solutions in branding, content development, website design, social media campaigns, and customer success management.
Financials of Toss The Coin
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹9.17 crores |
| Fresh Issue | ₹9.17 crores |
| Offer for Sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital for microservices development | 2.94 (32.1%) |
| Funding for new offices | 1.20 (13.1%) |
| Working capital requirement | 2.00 (21.8%) |
| General corporate purposes and others | 3.13 (33%) |
Strengths
- Specializing in Tech B2B deepens understanding of market needs.
- Innovation thrives with fewer bureaucratic hurdles, enabling creative use of new technologies.
- Lower overhead costs allow for competitive pricing compared to larger corporations.
- A strong brand identity differentiates and builds client trust.
- Strategic partnerships broaden reach and unlock new market opportunities.
- Expertise in SEO, social media, and content marketing drives digital engagement.
Risks
- Risk of market acceptance failure affecting operating results.
- Failure to obtain necessary approvals and licenses may impact operations.
- The lack of long-term contracts with clients exposes businesses to changes.
- Loss of key personnel may negatively impact business prospects.
- Defects in services could harm brand value and result in liabilities.
- IT system failures or security breaches may disrupt operations and harm reputation.