One can easily manipulate the retail portion of the IPO is generally smallest in size. One will be aghast to note that promoters pay even to the tune of Rs 1500-1600 per application to the brokers who can fleece their customers and appease them to subscribe for a poor IPO. Promoters use the tactic to appease FIIs and institutional investors by showing them the fact that their IPO is being subscribed by the retail investor.
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