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What’s Grey Market GMP That Pushed Tata Tech 140% On Opening | Explained | Mint In Focus
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Wait of two decades for an IPO from the Tata stabl... moreWait of two decades for an IPO from the Tata stable was worth it for investors.
The stock jumped into the 4-digit territory at the time of listing on 3oth November. And the rally in the stock didn’t stop there.
By the end of the trading day, it had clocked in a 162% gain in total. More than doubling the investor capital in 7 days.
Although, the IPO was oversubscribed by 69 times the 140% jump at the opening was remarkable. And as per analysts, the secret behind it is GMP or grey market premium.
Watch the full video to find out all that you need to know about the grey market and GMP.
. Read more on livemint.comAbout this in other media
Tata Technologies to boost hot Indian IPO market on trading debut economictimes.indiatimes.com /11 months ago
How do shares trade in grey market and what's at stake economictimes.indiatimes.com /11 months ago
Tata Technologies Share Price Live Updates: Tata Tech shares to get listed at 10 am; analysts expect blockbuster debut livemint.com /11 months ago
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