The shares of Toss The Coin Ltd, a marketing consulting services company, listed at a 90% premium to the initial public offering (IPO) price on Tuesday, December 17, marking a remarkable launch on the BSE SME platform. The company’s shares opened on the BSE for ₹345.8, down from the ₹182 issue price. Soon after listing, the stock experienced a 5% additional rally, reaching the ₹363.05 upper circuit limit per share.
The first five minutes of trading saw the exchange of over 32 lakh shares of the company. ₹1.12 crore was the turnover. At ₹68.62 crore, the company was valued on the market.
Toss The Coin IPO Detail
Toss The Coin IPO is a book-built issue of Rs 9.17 crore. The offering is wholly new, totaling 5.04 lakh shares. Toss The Coin IPO bidding began on December 10, 2024, and finished on December 12, 2024. The allotment for Toss The Coin IPO closed on Friday, December 13, 2024. The shares were listed on the BSE SME on December 17, 2024.
Toss The Coin IPO pricing range is established between ₹172 and ₹182 per share. The minimum lot size for an application is 600. The minimum investment for retail investors is ₹1,09,200. The minimum investment for HNI is 2 lots (1,200 shares) worth ₹2,18,400.
Toss The Coin GMP
Toss The Coin’s shares were already generating interest in the gray market before the opening bell rang. Its shares were trading at a premium of Rs 214, implying a listing price of Rs 398 a share. This price represented a stunning 117.58% increase above the IPO’s upper price limit of Rs 182.
About Toss The Coin Limited
Toss The Coin is a marketing consulting business that serves as a growth accelerator by offering clients customized marketing services. The business works with other businesses to provide a contemporary, novel viewpoint on branding and concentrates on go-to-market tactics that cater to the specific demands of each client. To meet different customer needs, their knowledgeable staff provides a wide range of services, such as marketing, pre-sales, lead generation, branding, and communications.
