Crazy bids in pre-open, both on "buy" and "sell" side. e.g. There's a bid of Rs 1000 on sell side, and Rs 162 on buy side.... Seems both sides want to manipulate to the best....
Clearly, this just seems to be a strategy of QIBs to bring the listing price down and accumulate more shares. Otherwise why would someone sell newly allotted shares at less than 1/3rd price ?