Scangroup IPO: Are these Rumours True

The on-going Scangroup IPO has been trailed by several rumours which are doing rounds in tao. A few of them below:

1. That the promoters of this IPO knew that the same would be undersubscribed hence they sought underwriting from the sponsoring investment banks(CFC, Standard and Suntra)....this is the firt IPO in kenya to be underwriten..up to 43%.
2. That the reason why a clear allotment criteria was not set is that Scangroup favors few large shareholders rather than many small shareholders. As such they 'tricked' the CMA to get away with a vague allotment criteria ie. 55% retail and 45% institutions. This way they can be able to allot as they wish without breaking any rules. Eg. In the event of oversubscription, they could allot pro-rata according to the volume of shares applied for without a minimum or maximum allocation. This would crowd out most of the small investors and favour the big applications. You will recall that Kengen had a minimum allocation of 500 shares then the rest prorata to a ceiling of about 6500 shares.
3. The Esther Passari's Adopt a light is the suitor targeted for take over by Bahrat Thakrar and duly mentioned in the prospectus. That is why we no longer hear of the Adopt a light IPO. That the cash raised form this IPO will go to Passaris towards this take over. Then she will be offered shares in one of the flagship subsidiaries of Scangroup.
4. Have you noticed that the brokers are dilly dalying about this IPO. The application forms are not easily forthcoming and very little info is in the public domain as compared to KENGEN. Also, the advertising budget has been kept to a minimum. In the big 4 brokers, forms are only allowed to those applying for 10000+ shares. These manouvres are designed to intentionally crowd out the small investor (read 500, 1000, 2000........9000 shares)