Grey Market Premium: The Insider's Guide · Chapter 10 of 10

Legal, Ethical and Responsible Use

Unofficial and unregulated

GMP is not recognised by SEBI or the exchanges. Use it only as information, never as a reason to enter off-exchange deals.

Be wary of promotions

Anyone selling "sure shot" GMP calls or paid tips deserves caution. Regulators have repeatedly warned about unregistered advisers.

Responsible investing

Apply only with money you can afford to lose, avoid borrowing for IPOs, and keep a long-term plan. This guide is education, not investment advice.

A last reminder

The best use of GMP is as one input in a disciplined process. The worst use is as the only reason to apply.

Key takeaways

• GMP is unofficial and unregulated.
• Avoid paid tips and borrowed money.
• Invest only what you can afford to lose.
• Treat GMP as one input in a disciplined process.