The Toss The Coin Share Target 2030 is set to launch on December 10, 2024, offering a compelling opportunity for investors interested in the rapidly expanding digital gaming and entertainment sector. This IPO aims to help the company strengthen its operational capabilities and broaden its reach in the competitive market.
IPO Details
- IPO Opening Date: December 10, 2024
- IPO Closing Date: December 12, 2024
- Issue Price: ₹182 per share
- Lot Size: 600 shares
- Lead Manager: Beeline Capital
- Brokerage Partner: Spread X Securities
- Expected Listing Date: December 17, 2024
- Listing Exchange: BSE SME
Company Background: Toss The Coin Limited
Toss The Coin Limited is a leading player in the digital gaming and entertainment industry, recognized for its innovative games and engaging user experiences. With a customer-centric approach and cutting-edge technology, the company has built a loyal customer base. The proceeds from this IPO will be utilized to expand game development, enhance digital infrastructure, and strengthen its market position in the gaming industry.
Objectives of the IPO
- Technology Upgrades: Invest in advanced gaming platforms and digital infrastructure.
- Content Expansion: Develop new and engaging games to attract a wider audience.
- Debt Reduction: Improve financial health by clearing existing liabilities.
- Marketing Initiatives: Strengthen brand visibility through targeted campaigns.
Financial Performance and Predictions
For FY 2023-24, Toss The Coin Limited reported:
- Revenue: ₹80 crores
- Net Profit: ₹10.5 crores
- Year-over-Year Growth: 22%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹200 – ₹225 |
| 2026 | ₹225 – ₹250 |
| 2027 | ₹250 – ₹280 |
| 2028 | ₹280 – ₹310 |
| 2029 | ₹310 – ₹350 |
| 2030 | ₹350 – ₹400 |
These predictions highlight robust growth potential, supported by the increasing popularity of digital gaming.
Subscription and Grey Market Premium (GMP) Details
- Retail Investors: Anticipated to exhibit strong interest due to affordable entry points and growth prospects.
- Qualified Institutional Buyers (QIBs): Likely to focus on the company’s innovation-driven approach.
- Non-Institutional Investors (NIIs): Expected to engage actively in response to high industry potential.
GMP (as of December 2024): ₹20 – ₹25, reflecting optimism in the IPO’s prospects.
Key Growth Factors
- Rising Digital Gaming Demand: Increasing global shift toward online gaming and entertainment.
- Innovative Offerings: Development of unique and engaging gaming content.
- Market Expansion: Plans to penetrate international markets and cater to a broader audience.
- Technological Edge: Use of advanced technologies like AR and VR to enhance gaming experiences.
Conclusion: Is Toss The Coin Limited IPO a Good Investment?
The Toss The Coin Limited IPO represents a strategic entry point for investors interested in the booming digital gaming industry. With its innovative approach, strong financial performance, and ambitious growth plans, the company is well-positioned to capitalize on market trends. However, potential investors should evaluate their risk tolerance and conduct thorough research before making an investment decision in this IPO.