Toss The Coin IPO Allotment Today: Steps To Check Status Online And Latest GMP

Toss The Coin IPO share allotment is expected to be finalised on Friday, Dec. 13, a day after the issue closed for bidding. The initial public offering or IPO of Toss The Coin Ltd. saw a massive demand from investors as it closed as the third most subscribed SME IPO of 2024.

Toss The Coin IPO was subscribed 1,025.76 times on the last day of bidding on Thursday. Investors applied for 34,40,39,400 shares against 3,35,400 shares on offer, as per market tracking site Chittorgarh.  

Retail investors applied for 26,05,28,400 shares as compared to 1,68,000 shares reserved for them, subscribing their quota by 1550.76 times. 

Non-institutional investors (NIIs) applied for 6,94,21,200 shares against the 72,000 shares set aside for the category. The NII quota was subscribed 964.18 times at the end of Day 3.

Qualified Institutional buyers bid for 1,40,89,800 shares in comparison with the 95,400 shares on offer, subscribing to their quota by 147.69 times.

The Rs 9.17-crore BSE SME IPO was an entirely fresh issue of 5.04 lakh shares. Toss The Coin IPO price band was set at Rs 172 to Rs 182 per share.

Link Intime India Pvt. is acting as the registrar for the Toss The Coin IPO. The marketing consulting company has appointed Beeline Capital Advisors Pvt. as the book-running lead manager and Spread X Securities as the market maker for its issue. 

Shares of Toss The Coin are expected to list on BSE SME on Tuesday, Dec. 17. 

Investors who have bid for the  Toss The Coin  IPO can check its share allotment status on the websites of BSE and the registrar.

• Go to the IPO allotment page on the BSE website here. 

• Under the 'Issue Type' dropdown menu, click on 'Equity'

• Select 'Toss The Coin Limited' from the list.

• Enter your application number or PAN (Permanent Account Number). 

• Verify 'Captcha' to proceed. 

• Select the 'Search' option to view your allotment status.

• Head to the IPO allotment page on Link Intime India here

• From the dropdown menu, select 'Toss The Coin Limited' from the list of companies. 

• Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status

• Enter the required details based on your selection

• Click on 'Submit' to check the allotment status

The grey market premium of Toss The Coin IPO is Rs 199 as of 5:03 a.m. on Dec. 13, according to InvestorGain. This indicates a listing gain of 109.34%, with the listing price being Rs 381 apiece.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use of Proceeds

Toss The Coin said it will develop a microservices application and open new offices utilising the proceeds from the fresh issue of the IPO. The company will also use the funds for working capital requirements and general corporate purposes. 

About  Toss The Coin Ltd. 

Toss The Coin Ltd. is a marketing consulting firm that specialises in delivering custom marketing solutions for clients, including B2B tech companies. With experience working with both large and small tech firms, they help shape effective go-to-market (GTM) strategies.

Their services cover a wide range of offerings, including branding, strategic consulting, content creation, design, website development, social media campaigns, customer success management, and design thinking-based problem-solving workshops.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.