In the final month of the 12 months 2024, some such IPOs have come which have made their investors rich. One of these IPOs is that of Chennai-based advertising and marketing consulting firm Toss The Coin. You too will be shocked to see the Gray Market Premium (GMP) of this IPO which will be listed on seventeenth December. At this time this IPO may give double earnings to investors. That is, all those that have been allotted this IPO, their cash will double on the day of itemizing. Let us now know in element about the firm and IPO.
How a lot is GMP?
The IPO of Toss The Coin is indicating enormous earnings for investors. Its grey market premium (GMP) has now elevated to Rs 214. This implies that this IPO could be listed at round Rs 396 in opposition to its value band of Rs 182. If this GMP stays intact then investors will get a revenue of about 117.58% on the day of itemizing itself.
Where will the cash raised be used
Toss The Coin’s IPO features a contemporary subject of a complete of 504,000 shares. The value band of this IPO was fastened at Rs 172-182 per share. In this, 600 shares are stored in one lot. Let us let you know, the firm had raised Rs 2.60 crore by anchor investors on December 9. The firm will use the cash raised from this IPO for the growth of microservices purposes and opening new workplaces.
GMP’s quick tempo
The grey market premium (GMP) of Toss The Coin’s IPO on December 16, 2024 was at Rs 214. This clearly implies that it might attain Rs 396 on the day of itemizing. According to consultants, this may give investors a chance to make greater than double earnings. However, this will occur provided that the GMP stays the similar on the day of itemizing.
what does the firm do
Toss The Coin is a advertising and marketing consulting firm, based in 2020. This firm gives custom-made advertising and marketing companies to the clients. The firm’s work is to create branding, content material growth, web site design, social media campaigns and GTM (go to market) methods for B2B tech firms.
Disclaimer: (The data supplied right here is being supplied for data solely. It is vital to notice right here that funding in the market is topic to market dangers. Always search skilled recommendation earlier than investing cash as an investor. ABPLive.com doesn’t advise anybody It is by no means advisable to take a position cash right here.)
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