ARCHIDPLY INDUSTRIES Ipo gray market price

ARCHIDPLY INDUSTRIES Ipo gray market price: Rs- 75-80
Symbol - Series ARCHID EQ
Issue Period Jun 11, 2008 to Jun 17, 2008
Issue Size 66,15,720 EQUITY SHARES
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range RS.70 TO RS.80
Tick Size Re. 1/-
Market Lot 75 shares
Minimum Order Quantity 75 shares
ARCHIDPLY INDUSTRIES Listing date will be announced in 20 days time

ARCHIDPLY INDUSTRIES Ipo looks good but subscription level is such a low that it may open below issue price at time of listing. so one can buy at listing time below issue price.