It's Issue size is 200 Crore and I don't think we can get price of 60 Rs. Even Fatpipe Networks India Ltd IPO has 49 cr issue size. and Issue Price is Rs. 82 - Rs. 85 Per Equity Share.
So I don't think that 200 cr issue price should be so cheap?
We should look at the fundamental of the company first, which is important I believe.