IPO GMP for 2020
IPO Grey Market (GMP stands for Gray market price) is an unofficial virtual market where IPO applications or shares are bought and sold before they become officially available for trading on the stock exchange.
All transactions are done with persoanl contact and without any regulation. Non of the stock market or broker or government is involved in this.
Just like real market, demand of the IPO decide the gray market price. If in the market people need more application, the price will be high. And if the demand is less the price will be low or same as the listing price.
If you need to buy or sell the IPO application, you need to contact seller or buyer persoanlly or known persoanl group.