Problem is if IPO is too good there is no allottment. And if it is not bad but ok then you will allottment also plus some chances of profit. Nirma company lets apply 1 lot let us see. Car trade is riskier.
Let's wait for last day to see the response of QIBs and NIIs. If if is subscribed by more than 50 times by NIIs then only I will apply. Other wise skip. GMP is also not very attractive.
Based on oversubscription, GMP may shoot to 300+ tomorrrow and stock may give bumper listing gains. This time Retail investors will get good allottment.
All the boarders please be careful, any time market may drop sharply. Do not remain overinvested. Keep on booking small profits periodically. Do not be greedy for holding the stock for unlimited profit and unlimited period.
Car trade is riskier.