What is IPO GMP?
Grey Market Premium
GMP is the unofficial premium at which an IPO's shares trade in the "grey market" — an informal, unregulated market — before the shares are officially listed on a stock exchange. It is often used as an informal gauge of likely listing-day demand.
GMP is not a SEBI-regulated or officially reported figure, has no legal backing, and can swing sharply right up to listing day — it should be treated as a rough sentiment indicator, not a reliable predictor of listing price.
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