C2C Advanced Systems' grey market premium hits 100% before SME IPO

The unlisted shares of C2C Advanced Systems were trading at a grey market premium (GMP) of around 100% on Tuesday, days before its ₹99.07 crore SME IPO opened for subscription. The unlisted shares were trading at ₹451 per share on grey market, as per Investorgain. Grey market premium indicates investors' readiness to pay more than issue price.