According to market observers, this dip in the share price premium in grey market should not be taken seriously as the fundamentals of the company is important instead of this unofficial grey market.
So, those who look at the GMP of a public issue ahead of bidding for the initial offer of the company, they are advised to first look at the financials of the company.
said, “India Pesticides IPO is going to list at P/E of 25.34 with a market cap of ₹34,088 million whereas its peers namely Dhanuka Agri, UPL Ltd, Rallis India and PI Industries are trading at a P/E of 21.4, 20.4, 31.5, 58.6 respectively.