Provided you are in a position to take up your full whack to...

Provided you are in a position to take up your full whack to avoid a dilution of your holding - about 3 times the current holding if all of the placement components are successful - a drop in price to anywhere above the allotment price of .27 is neither here nor there as you will be averaging down in any event.

A drop below .27 obviously presents a different scenario but as others have said the instos will support the price to ensure the retail component is fully taken up or they will take up the slack. Not at all in their interests to see this drop below placement price either way, especially as they would be effectively underwriting a loss.