Toss The Coin shares debut with 90% premium over IPO price on BSE SME platform

The shares of Toss The Coin debuted with a premium of 90% on the BSE SME platform on Tuesday. The shares listed at Rs 345.8 as compared to its upper price band of Rs 182 .

The company's shares were trading with a GMP of Rs 214 in the grey market.

However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.


The IPO, which was completely a fresh equity sale of 5.4 lakh shares, received massive oversubscription of over 1000 times at close.

The company plans to use the net proceeds from the IPO for funding capital expenditure for development of microservices application, opening new offices, funding working capital requirements of the company and for other general corporate purposes.
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Toss The Coin is a marketing consulting company, which provides custom made marketing services to clients. The company claims to be a growth accelerator who help businesses grow by implementing marketing operations that is creative, responsible and sustainable.

Toss The Coin works with companies to bring a new-age modern perspective to their brand. It claims to believe in the power of build go-to-market strategies that are tailored to individual customer needs.

The company says it has a dedicated team well-versed in all technology, enabling businesses to thrive with strategy-led and creatively backed market plans.

"With years of experience in exploring tech and marketing, toss the coin has led businesses to get creative with out-of-the box GTM (Go-To-Market) strategies. At toss the coin, we bring the best of marketing and innovation to lead business to success. Our service offerings are structured," the company said in RHP.