varun industries-chances of allotment

Varun industries seems to be a good bet. Being a fixed price issue, it is not only priced low but also 50% shares are offered to retail investors rather than 35% as is the case of book building issues. With so many big issues nearby, people wont be going for such small issues as it happened with spvcl (though issue was not good also). Thats another reason which increases chances of getting allotment. But if one applies for Rs 60-70k and the issue is not highly over subscribed, then one would certainly end up with Rs 60-70k worth of Varun industries which certainly is not a good idea since in that case everybody will be selling on the day of listing which in turn may cause the stock to list below Rs 60.

My question is: how much should one put in this issue to get 2-3 lots.

u have asked a q? and have answered urself....
now what is there left for us to answer....
its all on the instincts and power and capacity of investment....
go for whatever u can...

but i dont want to end up with 60k worth of varun itself and also want to get allotment too of at least 2-3 lot.

whether its worth buying or not?

Why that question. havent u seen the prospectus.

Probably he needs other's opinions too...

I Dont Think Its Worth It,its Better If We Go For Religare.

It is largest exporter, entering in indian markets where there is no other brand for kitchenware and hence no competitor, selling below book value, good enough growth and fundamental. Probably I'm only seeing the brighter side. could you guys please highlight some negative aspects.

Varun seems a good bet at least for listing gains, if not for long term. As Ravi asked, I am also not sure as to how many lots should I apply for. Even IPOs that were given average ratings listed handsomely. Varun is recommended by most experts at moneycontrol so I would think we will have listing gains.