I am not sure of the Greedy Government offering anything on the table to IPO investors. However, an article in the Economic Times dated Sept-02 by Nishanth Vasudevan speculates that Government is planning to offer discount to Retail Individual Bidders. Here is what he has to say,
Investment bankers feel that the government may bring in differential pricing for retail investors in its forthcoming issues of its companies to soothe bruised sentiments. In some of its early issues, the government had priced its issues for retail investors at 5-10 % discount to the issue price.
Does the Government has the will to do it ?