IPO - ICICIBank

#1
Issue price / Floor Price (Rs) 505-545

Please can someone advise if this is over priced. Would it be worth applying for this IPO. I have applied for several IPO's throught the ICICIdirect website but have never got any allocation till date.

The biggest dissapointment was Sulzon where i applied for 200 and not a single share was allotted.. Sulzon today is surging ahead...what a miss..:(
any comments

Regards
LAwrie