The grey market is trading at a discount, suggesting it could list around ₹147 about -3.29% below the ₹152 issue price. Demand looks weak. Investors applied for 1.24× the shares available. Comfortably covered. Your estimated chance of getting an allotment in the retail category is about 81% (very high).
What is GMP? The Grey Market Premium is the unofficial price investors pay to buy the shares before they list. The grey market is trading at a discount, suggesting it could list around ₹147 about -3.29% below the ₹152 issue price. Demand looks weak.
* Grey Market Premium is unofficial and non-binding.
What does this mean? Investors applied for 1.24× the shares available. Comfortably covered. A higher multiple means more competition, so allotment becomes harder to get.