@KAMMA SIVA RAMA KRISHNA Sir This is my strong gut feeling that these types of IPO's are well manipulated and only 5-10% of total shares offered are chosen from the lucky draw system and rest 90% of total cream (मलाई) is given to known dear ones.
Just think if the listing is going to be 5 times the issue price and this piece of cake is there to be shared with open public. Not possible.
It's a well manipulated game played between Lead Manager, Promoter, QIB, brokerage houses and well informed investors.
This is just like sharing a mug of water to lottery from the whole big tank.
This is wrong and as well as right too, because if this is not done who will invest in this small companies where the risk of loosing is quiet high as big chink of SME companies after 5 years of listing just vanishes and only 10-20% survive and grow.