Jio IPO GMP: What the Grey Market Premium Tells You and What It Does Not
Jio IPO GMP was reported around Rs 240 to Rs 255 near close. Learn what GMP means, how it is calculated and why it is unreliable.
GMP is the most searched number around any IPO, and the Jio IPO is no exception.
What GMP is
The grey market premium is the unofficial price at which IPO shares trade before they list. It is not regulated and not an official figure.
Reported levels
On the last...
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