What is grey market and GMP that led to Tata Tech IPO opening at 140%
Grey market trading allows investors to get a sneak peek into the potential of companies before their official IPO debut, but comes with complexities and risks.
With initial public offering (IPO) market is creating a buzz with new IPOs marking their debut. The IPO debutants include Tata Technologies, IREDA, Flair Writing Industries and Gandhar Oil Refinery. Soon after the launch of their issues, there is a frenzy around the grey market and the grey market (GMP). Livemint explains what these terms mean and how it works.
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