Even if lead manager is fine but if the seCtor underperformance the stock will go down. Proof is akshar spintex with panthomath , lagnam spintex with and waa solar with guiness. Simply stay away as this sector can never and will never let anyone earn.
I dislike Solar companies in the current economic climate for the sector...But, the lead manager seems to have some credibility having handled 3 mainline IPOs.
Issue price seems high but will have to wait to read prospectus before anything