The only problem I can see is that it is going to be over-subscribed.
I applied for $5000 of QBE in Decemeber and only ended up getting a bit over $1000.
Make sure your details are up to date with the share registry (Link) in case they want to refund you. My QBE refund came very quickly directly into my bank account because that is where I had my dividends going.
I will apply for the full $5000 of NCM of course.