The Rs 9.17 crore Toss The Coin shares listed on the BSE with a premium of 90 percent on December 17.
Toss The Coin stock listed at Rs 345.8 per share on the BSE SME, a significant premium of 90 percent over the issue price of Rs 182. The price band for the SME issue was Rs 172-182 per share with the lot size of 600 shares.
In the grey market, Toss The Coin IPO shares indicated 90 percent premium listing over the upper price band, according to market observers. The grey market is an unofficial market for trading in IPO shares till the listing.
The initial share sale of Toss The Coin saw massive demand from investors, getting subscribed 952.56 times on the final day of bidding of December 12.
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Incorporated in 2020, the company that provides custom-made marketing consulting services for B2B tech companies will spend IPO funds for development of microservices application, opening new offices, working capital requirement, and general corporate purpose.
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