Toss The Coin Limited has submitted its statement on the deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). For the half-year ended September 30, 2026, the company reported that its IPO proceeds of ₹917.28 Lakh have been utilized, with total utilization reaching ₹430.34 Lakh. The company has confirmed no material deviation in fund utilization for the specified period.
IPO Fund Utilization Statement Released
Toss The Coin Limited has formally communicated its compliance with the requirements for reporting the utilization of funds obtained through its Initial Public Offer (IPO). The statement covers the financial period concluding on September 30, 2026.
Key Financial Figures
The company raised a total of ₹917.28 Lakh through its IPO. Of this amount, ₹85.00 Lakh was allocated for Public Issue Related Expenses. The net proceeds available for utilization after accounting for these expenses were utilized as follows:
Fund Utilization Breakdown
The table below details the original allocation and the utilized amounts for various purposes. A significant portion has been allocated towards capital expenditure and working capital requirements:
| Original Object | Original Allocation (if any) | Funds Utilized (Rs.) | Amount of Deviation/Variation | Remarks if any |
| Funding capital expenditure for Development of Microservices Application | 294.73 | 196.64 | Nil | – |
| Funding capital Expenditure for opening new Offices | 120.00 | 0.00 | Nil | – |
| Funding Working Capital Requirement of our Company | 200.00 | 20.00 | Nil | – |
| General corporate purposes and IPO related expenses (excluding transaction costs of IPO) | 217.55 | 128.70 | Nil | – |
| Public Issue Related Expenses | 85.00 | 85.00 | Nil | – |
| Total | 917.28 | 430.34 |
Confirmation of No Deviation
The company has confirmed that there has been no deviation or variation in the utilization of the IPO funds as per the applicable objects for the reporting half-year ended September 30, 2026.
Source: BSE
