Quote Originally Posted by MTG View Post
What is grey market in IPO?
Grey market refers to the buying/selling of shares that are going to be issued in the future and are not yet listed in stock market. This usually occurs few days before the subscription for the IPO opens. Usually this is taken as a forecast of the prices that markets expect on listing. Eg. So in case we say Any New Shares IPOs grey market premium is 50-60 that would mean we can expect a listing price of approx 150 (100 upper band of IPO price + 50).