cox and kings ipo Grey market price – premium

cox and kings ipo will open on 18 nov & close on 20 NoV. 09. price band is at Rs 316-330/share & cox and kings ipo Grey market price is 380 – 385
which is trading with premium of Rs 50 – 55.
cox and kings has been assigned a “CARE IPO GRADE 4″ to the proposed IPO.