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1. Prasad   I Like It. |Report Abuse|  Link|May 6, 2022 12:51:25 PMReply
People dont believe in their management & policies. Typical goverment official mindset. Bad experience with their service in past.
May be major reason for under scbsription. I believe their listing will be below subscription values. I am staying away from them.

1.1. Desmond   I Like It. |Report Abuse|  Link|May 6, 2022 1:16:03 PM
Not really.

This is bigger than most other IPOs size-wise - e.g. take Rainbow, where total shares offered 20 million - it is lesser than what is offered for policyholders alone in this one.

Also Rainbow's refund will be on May 6 or so only - another factor

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