Is the grey market premium accurate?

No, the grey market premium is not accurate because it is based on the demand and supply of shares and on investor and market sentiment.

If the demand for the shares is higher, the GMP is higher, indicating that the IPO will do well when listed. However, if the demand for the IPO shares is low, the GMP is lower, indicating that the IPO may not do well after listing.

Investors can track the GMP, which can help them evaluate their investment decision, predict the IPO price and act accordingly. Although the GMP is not accurate and can be manipulated, investors can research and see the trends of the GMP and invest in IPOs to make profits.