HI Munshi, flat rule for applying any ipo. DONT apply until see atleast 4 times subscription by QIB. if its more than that of it, blindly apply. Explaination: High QIB subscription ensures that, stock will not be list less than its offer price & we can get listing gain. Moreover, overall subscription for QIB should be more than overall subscrpition of retails. Price go high on listing gain. If its revers, & retail is high than QIB, price will be low down just after listing . Check past records. Binani, Fortis - down fall MIC, NItin, ICRA, Mindtree, GBN etc all the best
Company has not yet planned the utilization of the funds to be collected through this IPO, as per DHR Prospectous. This indicates that the company is unprofessionally managed company.