listing price fixed by the demand supply ratio not fundamental.Fundamenta of it strong.High QIB fig also shows that.But RII are more intellegent then QIB.so then dont apply.i m sure about its positive listing and applied small qty ie 4 lot only
Issue Period Mar 27, 2012 to Mar 29, 2012 Issue Size 80,00,000 equity shares Issue Type 100% Book Building Face Value Rs. 10/- Price Range Rs.74 to Rs.80 Tick Size Re. 1/- Market Lot 80 Equity Shares Minimum Order Quantity 80 Equity Shares Maximum Subscription Amount for Retail Investor Rs.200000 IPO Market Timings 10.00 a.m. to 5.00 p.m.
I think one should apply at cutt off only, if demand is more than anchor investors is required to make additional payments(they will not get at discount). if most of the bids at 74, then we can apply at 74, however for retailers best to do is to apply at cutoff.
if dont want to take more risk, then one should apply for lesser quantities.