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Does GMP lie?

Grey Market Premium predicts listing direction about 80% of the time in our ledger, but overstates magnitude. Skyways is why this site exists: strong GMP chatter, −10.1% listing. Never bet the house on GMP.

IPOGMP THENACTUAL LISTINGLESSON
ESDS Software Solution+57.6%+76.5%@ ₹757Direction right, magnitude overstated
Priority Jewels+15%@ ₹230Direction right, magnitude overstated
Symbiotec Pharmalab+18.7%0%@ ₹988Flat — GMP noise
Tempsens Instruments+96.7%+111%@ ₹634Direction right, magnitude overstated
Lumino Industries+34.15%@ ₹110Direction right, magnitude overstated
Rays of Belief@ ₹239Flat — GMP noise
Augmont Enterprises+39.3%+21.95%@ ₹961Direction right, magnitude overstated
Deepa Jewellers Limited+24.9%@ ₹221Direction right, magnitude overstated
Skyways Air Services+23.2%-10.1%@ ₹124GMP TRAP — direction wrong
Annu Projects-27.27%@ ₹72GMP warned — actual worse
Purple Style Labs-7%@ ₹535GMP warned — actual worse
House rule: GMP is sentiment, subscription (esp QIB) is substance, cash-flow is truth. Size listing bets on the first two, size investments on the third.