Wed Dec 11 19:13:28 UTC 2024: ## Toss The Coin IPO Sees Sky-High Grey Market Premium Ahead of Tuesday Listing

**MUMBAI, INDIA – December 12, 2024** – Marketing consultancy firm Toss The Coin is experiencing a surge in anticipation ahead of its Initial Public Offering (IPO) listing on Tuesday, December 17th. The company’s grey market premium (GMP) has soared to Rs 382 per share, a significant 109.89% premium over the upper price band of Rs 182 set for the IPO.

The IPO, which opened on December 10th and closes on December 14th, aims to raise Rs 9.17 crore through the issuance of 504,000 new shares. Investors must bid for a minimum of 600 shares. The price band is set between Rs 172 and Rs 182 per share.

Toss The Coin has already secured Rs 2.60 crore from anchor investors. Share allotment is scheduled for Friday, December 15th, with shares credited to demat accounts by December 16th. The company, founded in 2020, plans to use the IPO proceeds for microservices application development, office expansion, working capital, and general corporate expenses.

Beeline Capital Advisors is the book-running lead manager, while Link Intime India is the registrar. Toss The Coin specializes in marketing consulting for B2B technology companies, offering services such as branding, strategy development, content creation, and design.

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