The grey market signal is flat, suggesting it may list near its ₹80 issue price. Investors applied for 2.18× the shares available. Comfortably covered. Your estimated chance of getting an allotment in the retail category is about 46% (good).
What is GMP? The Grey Market Premium is the unofficial price investors pay to buy the shares before they list. The grey market signal is flat, suggesting it may list near its ₹80 issue price.
* Grey Market Premium is unofficial and non-binding.
What does this mean? Investors applied for 2.18× the shares available. Comfortably covered. A higher multiple means more competition, so allotment becomes harder to get.