look news india
Toss the Coin IPO: In the last month of the year 2024, some such IPOs have come which have troubled the investors. One of these IPOs is of Chennai-based marketing consulting company Toss the Coin, which will be listed on December 17. You will be shocked to see the Gray Market Premium (GMP) of this IPO. This IPO can give double profits to investors. That means, those who have been allotted this IPO, their money will double on the day of listing. Let us now know in detail about the company and IPO.
How much is GMP?
Toss The Coin’s IPO is indicating great returns for investors/ Its Gray Market Premium (GMP) has now increased to Rs 214. This means that this IPO will raise its Rs. Approximately Rs. Against the price band of Rs. 182. 396 can be listed. If this GMP remains intact then investors will get a profit of about 117.58% on the day of listing itself.
Where will the funds raised be used
Toss The Coin’s IPO involves a fresh issue of a total of 504,000 shares. The price band of this IPO was fixed at Rs 172-182 per share. In this, 600 shares are kept in one lot. It is noteworthy that the company had raised Rs 2.60 crore through anchor investors on December 9. The company will use the money raised from this IPO to develop microservices applications and open new offices.
investors will be rich
The gray market premium for Toss The Coin’s IPO on December 16, 2024 was Rs 241. This clearly means that on the day of listing it will be Rs. Can reach up to 396. According to experts, this may give investors a chance to double their profits. However, this will be the case only if the GMP remains the same as on the day of listing.
What does the company do?
Toss the Coin is a marketing consulting company founded in 2020. This company provides customized marketing services to the clients. The company’s work includes branding, content development, website design, social media campaigns and GTM (go to market) strategies for B2B tech companies.