In the last month of the year 2024, some such IPOs have come, which have made their investors rich. One of these IPOs is of Chennai-based marketing consulting company Toss The Coin. You will also be blown away by seeing the gray market premium (GMP) of this IPO, which is going to be listed on December 17. At this time, this IPO can give double profit to the investors. That is, the money of all those who have been allotted this IPO will be doubled on the day of listing. Let us now know in detail about the company and the IPO.

How much is GMP

Toss The Coin's IPO is indicating tremendous 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 as 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. It has 600 shares in one lot. Let us tell you, the company 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.

The fast pace of GMP

The gray market premium (GMP) of Toss The Coin IPO was at Rs 214 on 16 December 2024. This clearly means that it can reach Rs 396 on the day of listing. According to experts, this can give investors an opportunity to more than double the profits. However, this will happen only if the GMP remains the same on the day of listing.

what the company does

Toss The Coin is a marketing consulting company, founded in 2020. This company provides customized marketing services to clients. 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.