I will read the prospectus BUT I doubt I will buy [except the minimum] during the IPO.
Why?
1) The profits are from INVESTORS [you and me] and to boost profits they will refuse to reduce commission rates! Look how much the NSE gets. It's too high vs other busy or developed [don't look backwards at developing/African markets] markets.
2) Greed. The idea is to maximize the revenue for NSE [& its brokers] and that means a high PER. There are probably better buys elsewhere. And the brokers know more than we do.
3) 2014 will not show the same growth as 2013 y-o-y. And without new products and listings the trading volumes will remain stagnant.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett