Economic TimesLean R·
Strong IPO gains stoke FOMO fears, set grey market abuzz
Mumbai: The unofficial grey market, where shares are traded ahead of their listing on the main exchanges, is once again abuzz with activity, with prices moving higher following a string of strong listings recently.Higher grey market premiums-the additional price that investors are willing to pay over the IPO price in the grey market before a stock lists-signal rising expectations of better listing gains for mainboard initial public offerings (IPOs).For instance, Behari Lal Engineering's GMP is …
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