For msg 157. I am not expressing any opinion on the IPO. Just providing some info. The cut off rate is for retail investors only. The figs of applications received at cut off rate divided by the fig of 15 lakh+ gives you the number of times retail subscription has been oversubscribed.
Out of 6.95 times subscription, cut off rate is just 0.6 times. QIB's seem to be not so interested in this issue. Beware people! the people who have already applied might issue stop payment end of the day. Is it a trick to fool innocent retail investors ???