Grey Market Slump in Busy IPO Season: Uncovering Causes

Dinesh Gupta, co-founder, UnlistedZone, said the number of buyers has trimmed in the markets. Neither the FIIs or the HNIs were actively buying right now. Investors have learnt their lessons from Paytm and Star Health, he said. “There are multiple issues in the pipeline and investors have to pick up and choose from issues.” he added. “Funds are limited and will be distributed among the issues, pinching the grey market.”