What are advantages of applying for IPO? PFC is available in secondary market at same price as in IPO, that is why I got this question.
PFC was an OFS (Offer for sale) not an IPO.
PFC was offering a 5% discount to the retail investors which looked attractive, however the stock has fallen and the 5% discount is meaningless. Else it would have been attractive where you could have earned 2-3% return in just one day