IPO GMP, Aug. 24 -- While stock market experts often advise investors to examine a company's financial performance, valuation, and growth prospects before applying for an initial public offering (IPO), grey market trends remain an important sentiment indicator for many primary market participants.

The latest mainboard IPO, priced at the upper end of the Rs.788 per share band, has generated strong interest in the unlisted market. Based on the prevailing IPO GMP, the issue is indicating a potential listing premium of more than Rs.380 per share over the upper price band, signalling robust demand ahead of its market debut.

The strong grey market premium reflects the broader trend of investors closely tracking IPO GMP and subscription data t...