GMP stands for grey market premium. It is a term used to estimate the price at which the IPO share would be listed in the market. This grey market operates before the listing and it starts from the IPO start date
source https://www.caclubindia.com/articles/grey-market-premium-45911.asp
source https://www.caclubindia.com/articles/grey-market-premium-45911.asp
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