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C2C Advanced Systems IPO GMP zooms: The grey market premium ( GMP ) of defense electronics solutions provider C2C Advanced Systems continues to remain uptight ahead of the opening of its initial public offering scheduled for Friday, November 22, 2024. C2C Advanced Systems IPO GMP : Unlisted shares of C2C Advanced Systems Ltd were trading at Rs 471 apiece in the grey market, which is a huge Rs 245 or 108.41 per cent above the issue price of Rs 226 per share. GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day. The sharp drop in C2C Advanced Systems' IPO GMP follows SEBI’s intervention after receiving a complaint from an investor.
