The grey market is paying a premium, suggesting it could list around ₹71 roughly +2.9% above the ₹69 issue price. This is unofficial and can change daily. Investors applied for less than the shares on offer (0.08× of the issue). Weak demand. Your estimated chance of getting an allotment in the retail category is about 95% (very high).
What is GMP? The Grey Market Premium is the unofficial price investors pay to buy the shares before they list. The grey market is paying a premium, suggesting it could list around ₹71 roughly +2.9% above the ₹69 issue price. This is unofficial and can change daily.
* Grey Market Premium is unofficial and non-binding.
What does this mean? Investors applied for less than the shares on offer (0.08× of the issue). Weak demand. A higher multiple means more competition, so allotment becomes harder to get.