IPO in general, in recent past have been priced to perfection, and overpriced ones have bombed, some inspite of good financials. Issues getting oversubscribed whatever be the quality is a given these days . Paradox is the price manipulations that are happening in newly listed companies and small IPIO investors and first timers getting trapped. One has to be cautious in this market and not go overboard . This issue is priced high and heavily oversubscribed by RII. The company does not have any listed peers and may attract investor interest. If so, listing should be OK. But, do have a stop loss as per your individual risk appetite.