I wouldn't have applied for this IPO even if it was offered at Rs 10. It is another low-quality, highly over-priced IPO. Investors should stay away from this stock.

It is a tiny IPO and may get cornered. The stock can go anywhere on listing day.

This time I fully agree with Tulsian's views:

http://www.premiuminvestments.in/new...operators.html

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Till 5 PM, the IPO has been subscribed 3.86 times.

Total Bids Received 50551050
Total Bids Received at Cut-off Price 39041850

More than 80% of the bids are from retail investors.

Institutions and HNIs have stayed away from this IPO.

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