@sdz My views are different,
In current sentiments any price band wouldn't prevailed rather any priceband can only be managed by operators and LM 's effectively.
We all know that before IPOs launch there are so many things been managed and scripted
Also decreasing price band shows signs of weakness
Examples -
UTI amc was anticipated @900 but came @500 and still closed at discount
Lic was sure shot 1200-1500(buzzed 2000 even) but government decided 915 and ended up 872
Many more...
Same. Cases in ola and firstcry also where last placements were 25 & 5% above ipo priceband and that decision showed weaknesses amongst investors
Confidence of IPO launchers makes people more confident
My thoughts might found controversials
And may be absolutely wrong