New Delhi, Sept. 8 -- Ahead of the launch of the initial public offering (IPO) of office space Dev Accelerator on Wednesday, September 10, the shares are commanding a decent grey market premium (GMP). According to market sources, Dev Accelerator IPO GMP is at Rs.10, the highest over the last few days.

At the upper end of the IPO price band of Rs.61 and considering the latest GMP, Dev Accelerator IPO listing price could be Rs.71, a premium of 16.39%. While this signals a healthy listing trend for Dev Accelerator IPO shares, investors must note that GMP is subject to sharp fluctuations.

Essentially, the grey market premium shows an investor's willingness to pay over and above the issue price. Investors should not base their decisions to i...