IPO Update: Provogue IPO Oversubscribed ?

Dear Investors,
By now you must be hearing a lot about how much the Provogue IPO has oversubscribed .
You must be hearing somebody saying 19 times, other 20 times and some other forecasting it to even 40 times. So what's the real scenario and does the retail Investor need to be worried about his allotment prospects ?

Provogue IPO - Read the Fine Prints

The oversubscription talked about by people is generally confused by the Investors. It has nothing to do with their prospects for allotment. Actually your prospect for allotment depends on the oversubscription in your category. Most of us apply as individuals and under the retail category.
As per the latest indications the retail category is likely to be oversubscribed by 6-8 times.

The provogue IPO has seen huge subscription from the FII's, Mutual funds and Banks. These categories combined is likely to be oversubscribed by 25 times (indications)

So what does this means for the retail Investors ?
Is this good news or bad news ? Certainly it is good news for retail Investors if the FII and other categories get oversubscribed by a good number.
The reason being that these categories will not get sufficient allotment and will resort to buying from the markets. This will led to good listing of the IPO on the bourses.
So cheer up Investors and be lucky enough to get the allotment !

The word on the street is that the stock is going to list around 300 levels (I think I should stop here...ha ha ha !)