Economic TimesLean R·
IPO reality check! Is GMP a useful signal or just market noise? Here’s what experts think
Investors frequently use grey market premium (GMP) to gauge interest in initial public offerings (IPOs) and their potential returns. However, the recent performances of companies like Hero Motors and SBI Funds Management highlight that GMP isn't always a dependable indicator. Experts warn that while GMP reflects market sentiment, it often lacks clarity and can be driven by speculation.
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