The IPO Grey Market is an ''over-the-counter market'' where dealers may execute orders for ''preferred customers'' as well as provide support for a new issue before it is actually issued.
IPO Grey Market Premium in India (GMP) helps in deciding the premium of the IPO Shares on listing day. It also allows investors to sell the IPO Shares or IPO Application at certain premium before they list.
whats d use applying for ipo with such small grey market price hardly working out 5 percent and that also depends on market conditions such small grey premium can vanish any time.