I reckon the probability of 15% for premium listing & 85% for discount listing. This is just a hunch...
So, out of 2 lacs that I wish to apply now for 30k & buy the rest 170k from secondary market. So, 2 lots now, rest post listing.
This strategy is based on a critical assumption that investors believe in PCL''s growth story but are just ''slightly'' worried about the overvaluation. So, once correct price is discovered post listing which should be ''slightly'' below the ask price, the stock should be ready to soar.