Simply put, it is a parallel market where shares or IPO applications are traded before the stock is officially listed on exchanges like NSE or BSE. The grey market is unofficial and unregulated, which means it does not follow the rules of SEBI or any stock exchange. Gray Market is a marketplace with unofficial distribution channels or sellers who sell goods, securities, or other commodities. It is a market where buyers and sellers meet as unregulated entities and transact business or information to benefit from low prices, no or little regulations, or profit through bargains. Learn what the grey market is, how it differs from the official market and risks and benefits associated with grey market goods. Understand its impact on consumers and businesses. A Detailed Guide on Grey Market IPO and learn All About IPO Grey Market . Get information on IPO Grey Market Premium, Kostak Rate and Subject to sauda.