POSTED BY October 21, 2010 8:29 am COMMENTS (2)ON
I am hearing lot about selling the IPO applications in grey market even before the issue is listed. How does this work and is it legal?
In most of the IPO the grey market premium is good and I think its better to sell the appplication in grey market and get the 2-3K thats cool 2-3% return for 20 days instead of waiting for the stock to list and expect everything to be fine on that day like Dow shd be up, RBI shouldn’t increase interest rate, Ben Bernanke should keep quiet etc……
I hail from Chennai. Do you guys know anyone who deals with this in Chennai? Thanks.