The preliminary public sale of advertising and marketing consulting firm Toss The Coin Ltd. turned the third most subscribed SME IPO of 2024, attaining a subscription fee of over 1,000 instances. The difficulty was booked over 1,025.76 instances on the finish of bidding on Thursday.
A complete of 34,40,39,400 bids had been obtained for the three,35,400 shares accessible, as per market monitoring website Chittorgarh.
The stellar response to the supply was led by retail buyers, who subscribed their allocation 1,550.76 instances.
Non-Institutional Buyers (NIIs) adopted with a subscription fee of 964.18 instances, whereas Certified Institutional Consumers (QIBs) additionally contributed considerably, with 147.69 instances subscription.
Toss The Coin Restricted is about to checklist on the BSE SME platform on December 17. The IPO, a book-built situation, goals to boost Rs 9.17 crore by means of the sale of 5.04 lakh newly issued shares, priced inside a variety of Rs 172 to Rs 182 per share.
As Toss The Coin completed because the third most subscribed SME IPO of 2024, here is a have a look at the 4 different top-performing SME IPOs of the yr, two of which had been subscribed over 1,000 instances:
