Divgi TorqTransfer Systems IPO: After announcement of share allotment, lucky allottees and market observers are eagerly waiting for Divgi TorqTransfer Systems IPO listing date , which is most likely on 14th March 2023. However, if someone believes strongly in grey market premium (GMP) ahead of public issue listing, grey market has discouraging news for such IPO enthusiasts. According to market observers, share of Divgi TorqTransfer Systems Ltd are available at a premium of ₹ 35 in grey market today. Divgi TorqTransfer Systems IPO GMP today Market observers said that Divgi TorqTransfer Systems IPO GMP today is ₹ 35, which is ₹ 10 below from is Friday GMP of ₹ 45. They said that Divgi TorqTransfer Systems IPO GMP has been descending for the last two days as secondary market sentiments have remained weak for last two sessions last week. They went on to add that in last two days, Divgi TorqTransfer Systems IPO GMP has tumbled from ₹ 73 to ₹ 35, which is more than 50 per cent depreciation in this time. However, they maintained that despite heavy sell off in last two days, Divgi TorqTransfer Systems IPO GMP has remained in positive territory, which is a good signal. They said that grey market is trying to signal that Divgi TorqTransfer Systems IPO listing may be tepid but it is expected to give premium to the allottees. TRENDING STORIES See All Premium Silicon Valley Bank not a stakeholder in Paytm, Vijay S . . . Premium Ronnie Screwvala keen to own team in proposed Women's P . . . Premium Central Bank of India hikes savings account and fixed d . . . Premium Not Ram Charan or NTR Jr, THIS actor will dance to ‘Naa . . . Market observers maintained that Divgi TorqTransfer Systems IPO GMP has remained positive despite negative sentiments on Dalal Street, which is a good signal from the grey market. What this GMP mean? Market observers went on to add that Divgi TorqTransfer Systems IPO GMP today is ₹ 35, which means grey market is expecting that Divgi TorqTransfer Systems IPO listing would be around ₹ 625 ( ₹ 590 + ₹ 35), which is 6 per cent higher from Divgi TorqTransfer Systems IPO price band of ₹ 560 to ₹ 590 per equity share. MINT PREMIUM See All Premium Silicon Valley Bank’s foibles don’t threaten India’s fi . . . Premium India needs a global security forum it can lead Premium America and China are preparing for a war over Taiwan Premium What's common between Mahindra and a mobile camera However, stock market experts advised Divgi TorqTransfer Systems IPO allottees to stick with their conviction developed after scanning the balance sheet of the company. They said that GMP is not an ideal indicator about the possible listing gain from an IPO as it is non regulated and completely speculative. They went on to add that GMP can be artificial as well because sometimes it involved even those who have high stake involved in the public issue. ABOUT THE AUTHOR Asit Manohar Chief Content Producer at Live Mint Digital Team Read more from this author Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach. Take the test Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. More Less Topics IPO listing OPEN IN APP.