CBL Insurance IPO by UBS, page-37

As I always say Market today decided that VIT is worth $2.50 on Open. It's definitely lower than few of us thought. But these are early days. Remember what happened to AYS, QMS, PEP,NVL etc after the open. they went down and eventually a day or so later took off. Once this retail selling subsides I believe this will have only one way to go i.e. UP I am not saying it happens today. But it will is my honey opinion.