GMP (Grey Market Premium)
GMP is the difference between the IPO price and the price expected in the grey market.
IPO GMP (Grey Market Premium) shows how much extra price investors are expecting over the IPO issue price based on grey market rumours.
It is used to estimate the possible listing price of the IPO.
If GMP is positive, it means investors expect the stock to list at a higher price. If it is low or negative, it may indicate weak demand.
Disclaimer:
IPO GMP is based on grey market rumours and is not official or regulated by SEBI. It should not be considered as a guaranteed indicator of listing performance.
Example:
If the IPO price is ₹850 and GMP is ₹300, the expected listing price may be around ₹1,150 (₹850 + ₹300).