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VERIFIEDET Markets·neutral

IPO reality check! Is GMP a useful signal or just market noise? Here’s what experts think

AI Summary
  • ·Investors use grey market premium (GMP) to gauge IPO interest and potential returns.
  • ·Recent IPO performances of Hero Motors and SBI Funds Management show GMP is not always dependable.
  • ·Experts caution that GMP reflects market sentiment but can be driven by speculation and lacks clarity.
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