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Midwest IPO trading by grey market shows no GMP premium yet
Midwest IPO shows ₹0 grey market premium, pointing to investor caution at launch.
The Midwest IPO in India is showing a grey market premium (GMP) of ₹0 as of morning trade, indicating that speculators aren’t currently pricing in a first-day pop. The IPO’s price band runs ₹1,014 to ₹1,065, and market watchers say this flat GMP reflects caution amid lofty valuations. Although some expect a listing premium later, the present lack of grey market enthusiasm suggests investors are opting to wait for clarity on fundamentals before positioning heavily.