For retail investors 6,84,00,000 number of shares are offered. On first day there was a demand for 56208630 shared (0.8 % subscription) from retail investors. This is as per NSE data but this data is never correct! So we can safely assume that retail quota is fully subscribed on day one itself!
The offer price is Rs 405 - 450. The market lot is 15 shares. Retail investors will get a discount of Rs 20 per share. This means Retail investors can apply for a maximum of 225 shares (after adjusting for the discount). Retail investors have the option of part payment in which case we need to pay Rs 25600 during application. In case of full payment, we need to pay Rs 94500.
Looking at the current trend, the retail quota will be oversubscribed around 10 times which means all of us can get at least 15 shares if we apply for all 215 share we are eligible!
The listing price is expected to be in the range of 800-900. So, one can pocket a profit of around Rs 6000.
Good luck!
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