In the last month of the year 2024, some such IPOs have come which have made their investors rich. One of these IPOs is that of Chennai-based marketing consulting company Toss The Coin. You too will be shocked to see the Gray Market Premium (GMP) of this IPO which will be listed on 17th December. At this time this IPO can give double profits to investors. That is, all 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?
The IPO of Toss The Coin is indicating huge profits for investors. Its gray market premium (GMP) has now increased to Rs 214. This means that this IPO can be listed at around Rs 396 against its price band of Rs 182. If this GMP remains intact then investors will get a profit of about 117.58% on the day of listing itself.
Where will the money raised be used
Toss The Coin’s IPO includes 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. Let us tell you, the company had raised Rs 2.60 crore through anchor investors on December 9. The company will use the money raised from this IPO for the development of microservices applications and opening new offices.
GMP’s fast pace
The gray market premium (GMP) of Toss The Coin’s IPO on December 16, 2024 was at Rs 214. This clearly means that it can reach Rs 396 on the day of listing. According to experts, this can give investors an opportunity to make more than double profits. However, this will happen only if the GMP remains the same 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 customers. The company’s work is to create branding, content development, website design, social media campaigns and GTM (go to market) strategies for B2B tech companies.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
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