Based on the offer price, Retail Investors will get the Stock at Rs 85.5 but you apply at Cut-Off Rs 90 and in multiples of 65. So a difference of even Rs 15 and a worst case allotment of say 260 stocks, you will still make Rs 3900. Grey Market Premium is already Rs 3500. Retail Full Application size is Rs 99450
Here are the various brokerage recommendation on the FPO,
MOSL - BUY Recommendation with a Stock Target of Rs 125 based on DCF.
KR Choksey - valuations are compelling and strongly recommend to Subscribe.
Edel - Subscribe - Rs 6 EPS expectations for FY 12.
UBS - Subscribe with target of over Rs 135.
Citi - Subscribe with a target of Rs 125.
