Apply only if u r long term investor. There is abig possibility of IPO trading below its issue price if the RBI hikes CRR. Lot of dollars are coming in for the Mega issue like DLF IPO, ICICI Holdings and HDFC Bank FPO's. RBI will be hard pressed to suck out the extra liquidity in the system to control inflation, and it has no way other than to hike CRR. And u have seen its effect on Real estate stock like Parsvnath and Sobha etc.
Again u see its is such a big issue 10710 crore, and india doesn't have ability to assimilate such large isssues. See eg of Cairn. it flopped. And once again they are making it available in partly paid form also that is 150 Rs per share. They also are wary of issue being failed.
I have listed 3 points and it is up to u to decide. U can discuss with me at 09893507007. I am Rahman from Bhopal. I will be happy to get ur point of vu.
Thanks
Disclaimer: I am going to apply bcoz I want to hold for the long term. Atleast 5 years.