Toss the Coin IPO listing is making waves in the stock market, and it’s easy to see why. After an exceptional subscription phase, this IPO has investors buzzing with excitement. The high demand during the subscription period wasn’t the only factor driving this frenzy—its robust grey market premium (GMP) has added even more fuel to the fire.
Toss the Coin IPO – Bidding Insights
Toss the Coin’s IPO turned heads as it raked in approximately INR 9.17 crore, entirely through a fresh issue. The response was nothing short of extraordinary, with the issue getting subscribed a jaw-dropping 1025.84 times—easily placing it among the most sought-after SME IPOs of 2024. Investors, particularly in the non-institutional category, came out in full force, oversubscribing their portion by an incredible 964.54 times. This IPO struck a chord with savvy market participants. The company is now gearing up for a big moment as its shares are ready to debut on the BSE SME platform. It’s a milestone that underscores the growing confidence in young, ambitious enterprises carving out their space in India’s markets.
Toss the Coin IPO Listing Date and Price Band
- Price Band: The shares were offered in a price band of INR 172 – 182 per share, with a minimum application lot size of 600 shares, requiring an investment of at least INR 1,09,200.
- Listing Date: Shares are expected to commence trading on 17 December 2024.
- Use of Proceeds: The funds raised will primarily support capital expenditures for expanding existing facilities and cover working capital needs.
How Does GMP Affect Listing Price?
The GMP is a key indicator of investor sentiment before an IPO is listed. It shows the price at which shares are traded in the grey market before the official listing. A positive GMP, where shares are traded above the issue price, signals strong demand and boosts expectations for a higher listing price. However, while GMP offers insight, the actual listing price can still be affected by market conditions and investor sentiment at the time.
Expectations For the Toss the Coin IPO Listing Price?
As of now, the IPO is showing a GMP of about INR 195 per share, which suggests that the Toss the Coin IPO listing gain will be around 107% from its upper price band of INR 182. If this trend continues, investors could see the stock debut above INR 377 — a pretty enticing prospect for anyone who snagged an allotment.
But it’s not all doom and gloom for those who didn’t get a piece of the action. While the strong GMP indicates Toss the Coin might have a solid start, there’s still a shot for latecomers to jump in on the listing day. Of course, how the market reacts will be key. Some investors might decide to hold off a bit, hoping for a dip in the stock price to grab a better entry point later. It’s a game of timing, and for those on the sidelines, the opportunity might just be around the corner.
Looking Ahead
The strong interest in Toss the Coin IPO listing reflects rising confidence in the industry. The IPO’s success signals that more investors are ready to support this transformation, seeing potential in a sector that has long been on the fringes but is now in the spotlight. With the right positioning, companies in this space stand to benefit significantly as the world embraces renewable energy solutions.
As of November 2024, the Indian primary market has seen a total of 230 SME IPOs. Out of these 207 SME listings have also performed well. However, there were challenges as well 23 SME IPOs experiencing negative returns. Notably, the average listing day return stands at a remarkable 59.81% for SME IPOs, underscoring the potential for significant gains in this dynamic market. For more information related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
