@rohiitian well absolutely GMP by no means is a deciding parameter for positive/negative listing.
It just shows the sentiment of the participants and nothing else.
For RK Swamy GMP was 30%+ few days back and now it is negative, nothing changed w.r.t the company just sentiments changed.
During extremely pessimistic environment Mankind Pharma towards the closing had a GMP of 2% and now it is 2x while Flair had 50%+ GMP and now trades much below listing price.
I'm just updating live GMP as not all members have access to live rates.
Not trying to create fear mongering neither I'm trying to create any panic.
Also - without Grey Market, IPOs would be completely boring.
As very large portion of participants, apply only after looking at GMP.
Personally - I would still like to get allotment in RK Swamy, as I liked the company :)