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it is good article the modus operandi of the fund managers are like they fixed the price of highly priced ipo in grey and subscribe the issue at high price and get the difference in cash for example monte carlo company issued the shares at 645/ but have deal and fixed the price at 545/ with big mutual funds and returned the difference of rs 100/ in cash to fund managers now with this deal both are happy comany is happy and fund manager is happy both are getting money only retail is loosing money.