Tue Dec 17 04:50:00 UTC 2024: ## Chennai Marketing Firm’s IPO Promises Double Returns

**CHENNAI, December 17, 2024** – The initial public offering (IPO) of Toss The Coin, a Chennai-based marketing consulting firm, is generating significant buzz due to its exceptionally high grey market premium (GMP). The IPO, which listed today, is currently indicating a potential doubling of investment for allottees.

With a GMP of ₹214 as of December 16th, the IPO, priced at ₹172-₹182 per share, could list at approximately ₹396. This represents a potential return of approximately 117.58% on the listing day, according to market experts. However, this prediction hinges on the GMP remaining stable.

Toss The Coin, founded in 2020, offers customized marketing services to B2B tech companies, including branding, content development, website design, social media campaigns, and go-to-market (GTM) strategies. The company raised ₹2.60 crore through anchor investors on December 9th. The proceeds from the IPO will be used to develop microservices applications and establish new offices. The IPO included a fresh issue of 504,000 shares, with a lot size of 600 shares.

**Disclaimer:** *Investment in the market involves inherent risks. Consult with a financial expert before making any investment decisions. This information is for informational purposes only and does not constitute investment advice.*

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