Groww IPO: GMP drops 70% to Rs 5; analysts see muted listing gains – The Times of India
The grey market premium (GMP) for online investment platform Groww has sharply declined by nearly 70%, dropping from Rs 16 at its peak to around Rs 5 before its listing. This translates to a modest 5% premium over the IPO price of Rs 402 per share, signalling cautious investor sentiment after Lenskart’s weak listing.Prashant Tapse…