Mumbai: Real estate giant DLF’s mega IPO was fully subscribed on Tuesday, the second day of its issue, but there is room for retail investors. The Rs 9625-crore issue closes on June 14, the retail portion of the issue is still to be subscribed fully. The IPO has reserved a slice of the pie for the small investor: over 30 percent of the shares are earmarked for retail investors and they can pay just part of the money for the shares. Instead of paying Rs 500 or more, small investors can pay just Rs 150 per share and make the balance payment after allotment. There is a catch though: if you are looking to cash out at a premium on the day of allotment, you will be unable to do so. “In the retail investor category you don't have the option of exiting the scrip, as you are making a part payment. If one is looking at an exit option, then one should pay the entire amt upfront and invest in the stock,” says Ganesh Shanbhag, CEO of SMS Financial Services Ltd. But not everyone is positive about this mega sized IPO. Many feel that apart from the risks associated with real estate prices, the issue has been overpriced. “As a retail investor, you are looking at shorter term investments. There are far more intangible risks for a retail investor to get in at this moment,” says: Ashok Kumar, CEO of Lotus Knowlwealth. While the retail interest may not have been too hot in the first two days, the merchant bankers expect the small investors to submit applications on the last day. Either way, the chances of getting a substantial allotment are bright considering the size of the issue.