Grey market buzzing with flurry of public issues, improved sentiment

Grey market premiums (GMPs) – the additional price investors are willing to pay over the IPO price in the grey market before the stock lists on the exchanges – of five IPOs are trading at 8-44% above the issue prices, according to sources. A higher premium indicates the market sentiment for the IPO in question. GMPs of IPOs with robust demand tend to be high, which implies a potential upside in the stock on listing.