Toss The Coin IPO Day 2: Check subscription, GMP, key dates and other details

The initial public offering (IPO) of Toss The Coin is getting a strong response for its IPO as the issue was subscribed over 200 times so far on the second day. The demand was led by retail investors, whose category was booked over 300 times.

The Rs 9.17 crore SME IPO is completely a fresh equity sale of 5.04 lakh shares and will be available for bidding till December 11.

Toss The Coin IPO: GMP today

In line with the strong investor demand, Toss The Coin boasts a robust GMP of Rs 199, which indicates a 109% premium over the issue price.

The IPO was priced between Rs 172 and Rs 182 per share, with a minimum lot size of 600 shares. Meanwhile, the minimum amount of investment required by retail investors is Rs 1.09 lakh, while the minimum lot size investment for high networth individuals is 2 lots, or 1,200 shares amounting to Rs 2.18 lakh.

Toss The Coin IPO: Opening Date, Allotment and Listing Date

The IPO opened for subscription on December 10, and will close on December 12. The basis of allotment is set for December 13, and investors can check their allotment status via BSE.

Shares are scheduled to list on the BSE SME platform on December 17.

Toss The Coin IPO: Net proceeds

The company plans to use the net proceeds from the IPO for funding capital expenditure for development of microservices application, opening new offices, funding working capital requirements of the company and for other general corporate purposes.

Also Read: Vishal Mega Mart IPO opens today; GMP at 31%. Check price band and key dates

About Toss The Coin

Toss The Coin, founded in 2020, specialises in marketing consulting services for B2B technology companies. The firm offers a range of services, including marketing strategy development, branding, content creation, and design. Catering to technology organisations of all sizes, Toss The Coin focuses on crafting customised go-to-market strategies and delivering expert consulting to drive growth and market positioning.

Link Intime India has been appointed the registrar, while Beeline Capital Advisors will serve as the sole book-running lead manager for the public issue.

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