@antarix ji, sharing my very limited, immature and primitive understanding -
Mufti me total issue size 549.78 crore tha, aur QIB quota 20%, means around 110 crore. Anchors ka milakar 50% (around 275 crore).
Yahan issue size 1000 crore hai, aur QIB quota 29.84%, means around 298 crore. Anchor milakar 74.6% (746 crore).
So, amount wise 46.37x QIB subscription here is actually higher than the Mufti, and QIB+Anchor is bigger than the entire issue size of Mufti.
That said the valuations here are no doubt scary as noted by almost all the reviewers, and I know it's not about just the P/E. I personally don't even know how this valuation is calculated, so depend on analysts for that. In addition, the market sentiments right now also don't seem very promising to me. So yes, the overall risk seems higher than small investors with limited funds may afford.
I have skipped, but best of luck to all those who applied.