Milky Mist, Behari Lal, Shiprocket IPOs: upbeat grey market premiums

An IPO is when a company sells pieces of itself, called shares, to the public to raise money.

Three Indian companies are getting ready to do this next week.

Milky Mist makes dairy products like milk, while Behari Lal Engineering makes metal parts.

Shiprocket helps online shops send packages to customers.

Each company has set a price range for its shares.

Before a public listing, shares can be traded unofficially in what people call the grey market.

A grey market premium is the extra amount investors are willing to pay above the IPO price.

All three IPOs currently show positive premiums, which often means people expect the shares to do well.

Investors can start bidding on 11 and 12 August.

This suggests investors are excited about these companies, but grey market signals are not guaranteed outcomes.