Dear Srini, Don't withdraw your application. It will definitely give good returns. I posted the information just to tell people that they should not expect to use the money of VA Tech in any immediate IPO.
KK / aRRYANrAJ Yes it is correct. Withdrawal option is given by the company. It is something related to the disclosure in RHP. SP Tulsian had already notified about this mistake in his research report. See Tulian's report below.
Page 96 of the RHP, which states the basis for issue price, has compared the company with other listed players, including IVRCL Infra and Nagarjuna Constructions. This comparison is erroneous and mis-leading as it has a footnote that the figures are on consolidated basis, where infact, standalone numbers of peers have been stated. The company and merchant bankers cannot get away with such wrong deeds by quoting a private publication, atleast not in the offer document!