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Investors use GMP to predict the listing price of an IPO. For example, an IPO is offered at a price of Rs 100 and in the grey market the stock is trading at Rs 20 GMP.
In this case, the expected IPO listing price is Rs 100 + Rs 20 = Rs 120 per share. However, the actual listing price of the company may be higher or lower than the estimated listing price.
Zerodha Trade@20
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