Is grey market premium reliable?

The grey market premium is not always reliable, but if tracked correctly, can give an indication of the listing.

The grey market is a highly illiquid market and can be very volatile, so GMP should not be relied upon completely.

If the issue price of an IPO is Rs. 150 and its GMP is Rs. 80. It can be expected that the listing price of this IPO will be around Rs 230 (150 + 80). However, it is not certain that the issue price will be Rs. 230.

Refer to IPO GMP trends for every IPO on respective IPO pages on Chittorgarh.com for better assessment.

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