Toss The Coin IPO Allotment Today: INR 9 crore IPO Gets Bids Worth INR 9,399 crore

Toss The Coin IPO GMP

Jawdropping 1,025 Times Subscription

Toss The Coin IPO allotment status is not available right now. Allotment status will be made available today, per the timeline provided in the IPO’s red herring prospectus (RHP).

The Toss The Coin IPO closed with an exceptional subscription rate of over 1,025.84 times, underscoring strong investor enthusiasm. The retail category saw an even more impressive subscription of 1,550.76 times. As the stock is set to be listed on 17 December 2024, all eyes are now on the allotment process. After allotments are finalized, refunds are scheduled to begin on 16 December, with shares expected to be credited to successful investors’ demat accounts on the same day. However, given the robust positive sentiment reflected in the IPO’s GMP, the allotment process will likely be highly competitive, leaving many investors with slim chances of securing shares.

Here are some ways in which you can check Toss The Coin IPO allotment status online.

#1 Registrar Website – Most effective way to check Toss The Coin IPO Allotment Status

Once an IPO is closed for subscription, the ball moves in the court of the issuing registrar. In this case, the registrar is Link Intime so investors can simply head to its website, select Toss The Coin from the dropdown menu, and enter ANY of the following details to check their allotment status:

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

It should be noted that registrar websites are flooded on allotment days and might become very slow. As a result, it is worthwhile to keep your options open.

Read Also: International Gemmological Institute IPO Subscription

#2 Bank Account Debit/Removal of Lien

If your search hasn’t yielded results so far, you might want to check your bank account. Most banks have robust infrastructure and communicate balance to account holders in several ways including SMS so you might not as well need to log into net banking.

If the investor’s application has been successful, it is followed by a debit of the corresponding amount. The debit amount for the Toss The Coin IPO is INR 1,09,200. If the application is unsuccessful, then the bank account will see the effective balance go up by this amount which was marked on hold for the application.

In case of successful allotment, the bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from a bank account are two different events but in some cases, both happen almost concurrently.

#3 BSE Website

You can also verify the status of the Toss The Coin IPO allotment by visiting the IPO allotment page on the BSE website. However, investors need to have both the application number and PAN to check using this method. Just choose equity select the IPO enter your application number and PAN to view the status.

The Bombay Stock Exchange (BSE) boasts a website infrastructure that ensures investors encounter minimal issues, like slow loading times or unresponsiveness when using it.

#4 Credit of Shares in Demat Account

If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.

Read Also – International Gemmological Institute IPO Analyst Views

Toss The Coin IPO Allotment FAQs