The preliminary public sale of promoting and advertising consulting agency Toss The Coin Ltd. turned the third most subscribed SME IPO of 2024, attaining a subscription charge of over 1,000 cases. The problem was booked over 1,025.76 cases on the end of bidding on Thursday.
An entire of 34,40,39,400 bids had been obtained for the three,35,400 shares accessible, as per market monitoring web site Chittorgarh.
The stellar response to the provision was led by retail consumers, who subscribed their allocation 1,550.76 cases.
Non-Institutional Consumers (NIIs) adopted with a subscription charge of 964.18 cases, whereas Licensed Institutional Customers (QIBs) moreover contributed significantly, with 147.69 cases subscription.
Toss The Coin Restricted is about to guidelines on the BSE SME platform on December 17. The IPO, a book-built state of affairs, objectives to spice up Rs 9.17 crore via the sale of 5.04 lakh newly issued shares, priced inside quite a lot of Rs 172 to Rs 182 per share.
As Toss The Coin accomplished as a result of the third most subscribed SME IPO of 2024, here’s a take a look on the 4 totally different top-performing SME IPOs of the yr, two of which had been subscribed over 1,000 cases:
