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Cryptocurrency News Articles
Toss The Coin IPO Subscribed 465.98 Times on Day 3 as Non-Institutional Investors Bid 261.85 Times
Dec 12, 2024 at 02:46 pm
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
Toss The Coin IPO was subscribed 465.98 times on Thursday, December 12, the third day of bidding for the initial public offering (IPO). The IPO received bids for 121.03 crore shares against the total issue size of 2.56 crore shares.
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 IPO comprises a fresh issue of up to Rs 100 crore and an offer for sale (OFS) of up to 1.56 crore shares by early investors and promoters. The price band for the IPO has been fixed at Rs 175-180 per share.
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.
The upper price band of the IPO is ₹225,600 for 1,250 shares and ₹451,200 for 2,500 shares.
Toss The Coin IPO: Allotment and listing date
The IPO allotment is likely to be finalised on December 16 and the shares are expected to be listed on the exchanges on December 18.
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.
Disclaimer:info@kdj.com
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- Coinbase (COIN), the well-known cryptocurrency exchange, continues to capture the attention of the financial market, with some rumors bringing it closer to the S&P 500.
- Dec 12, 2024 at 06:35 pm
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