Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. A higher grey market premium is often a sign of strong listing gains for IPO. Currently, six mainboard IPOs are open and buzzing in the grey market. Take a look:
iStock
2/7
Credo Brands Marketing
Credo Brands Marketing's initial public offering opened for subscription today and carries a premium of 41% over the IPO issue price. The company has fixed the price band of Rs 266-280 for the public offer.
ETMarkets.com
3/7
Happy Forgings
Happy Forgings is commanding a premium of 47% over the IPO issue price. The company has fixed a price band of Rs 808-850 for the public offer.
iStock
4/7
RBZ Jewellers
The grey market trend of RBZ Jewellers is unclear. The company has fixed a price band of Rs 95-100 for the public offer.
ETMarkets.com
5/7
Suraj Estate Developers
Suraj Estate Developers is commanding a premium of 14% over the IPO issue price. The company has fixed a price band of Rs 340-30 for the public offer.
ETMarkets.com
6/7
Motisons Jewellers
Motisons Jewellers is commanding a premium of 182% over the IPO issue price. The company has fixed a price band of Rs 52-55 for the public offer.
ETMarkets.com
7/7
Muthoot Microfin
Muthoot Microfin is commanding a premium of 18% over the IPO issue price. The company has fixed a price band of Rs 277-291 for the public offer.
