Grey market premium for NSE drops sharply before listing

Prior to the listing, the grey‑market premium (GMP) for NSE shares experienced a rapid decline. After soaring to nearly Rs 200 per share during the subscription window, the premium fell to an estimated Rs 43 on the Wednesday before trading began.

The steep drop indicated a cooling sentiment among speculative traders, even though earlier GMP levels had suggested a potential listing gain of over 8%.

Analysts noted that the fall in GMP could reflect broader market volatility rather than a fundamental lack of confidence in the exchange’s growth prospects.