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Actually there is nothing wrong with the share , It is just over price , ideal IPO offer price should be 0.30 sen , then Everything is fine and Everybody happy .
I agree with you it may open at 30 cts and I doubtful it can be better than Adnex coz adnex Offer price 20cts and closed 25 cts ,as I have mentioned 3 to 4 weeks ago !
I apply and not successful , I buy from open market and patiently waiting for it to go back to 35 cts offer price and make some profit . Thanks for your advise !