do not subscribe to this bad ipo when rel power is available at 150 and most of the company in secondary market trading at 10-20 p/e how the company has guts to come at 77 p/e if they would have priced it at 50-60 rs one could have considered applying. f11 like lehman are trying to trap retailers by subscribing false so that the issue pass through as they will get money. retailers dont get ur money trapped otherwise you will get struck again like rel power when u can get below 150 on listing day why do want to loose money.