Allways apply for cut off price which means RS 52/= Per share in this case for blue chip companies.
As per my advice and exp you should apply minimum 1000 Shares , so that you able to get around 50 or so because this issue will be subscribed in Retail only appox 25 - 30 Times as per my understanding and if you see rate is also very less.
Is there any difference in chances for allotment if I apply for 44 Rs. instead of 52 Rs. ? I would like to apply for more shares with less money, will I be loosing on allotment chances ?
Power sector boom still to come , NTPC,PFC will rise like BHEL,MARUIT,L&T,Punj loyod. Powergrid is having monoply in POWER Transmission in India with assured returns and 100% turnover assured. so by 2009 it will cross 400 and by 2011 may cros 900. At mumbai GMP is 70+ and expected to open above 70 with settling at around 65-66 for a shorter period,then it will start the RIDE