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Guys! The Indicative price shown in BSE/NSE is the weighted avg price and the cut-off can be very different. If majority of bids were at the lower/higher band then the Avg (indicative) price will be higher/lower. What matters is the Consolidated Volume/demand. In REC case approx .9 crore shares were for retail and the consolidated bids figure (as I had seen at 3:25pm yesterday) were pointing to 333-334 price range and that''''s what has happened. So I don''''t buy the argument that OFS is not transparent.
Now, whether someone buys or not irrespective of it''''s via IPO/FPO/OFS or secondary market is individual''''s investment/trading strategy and decision. One will never know at start whether it''''s right/wrong. Only time will tell.