Terms of the offer
IPO Grey Market refers to the unofficial, unregulated market where shares of an upcoming IPO are bought and sold before the official listing. This market exists primarily to gauge the demand and potential listing price of the IPO shares. In the context of IPOs, the grey market refers to an unofficial channel where shares are bought and sold before they are officially listed on stock exchanges. Gray Market is a marketplace with unofficial distribution channels or sellers who sell goods, securities, or other commodities. It is a market where buyers and sellers meet as unregulated entities and transact business or information to benefit from low prices, no or little regulations, or profit through bargains. Simply put, it is a parallel market where shares or IPO applications are traded before the stock is officially listed on exchanges like NSE or BSE. The grey market is unofficial and unregulated, which means it does not follow the rules of SEBI or any stock exchange.
