Chaluubhhhaai a market operator has made an offer to your friend Mr$.$ Chandubhai, $5$ that he will get him an employee quota allotment in an Institutional Placement Programme of a company whose share prices have risen sharply in the last two weeks

at a price which prevailing before six months and he would have to pay up only $15\%$ of the price on allotment, the rest after nine months. Knowing that you have taken the FAC $244$ Financial Markets course Chandubhai seeks your advice as to whether he should take$-$up the offer or not. On the basis of what you learnt in the class, kindly provide him advice as to whether he should take up the offer or not explaining with

specific reasons what are the things which are wrong in Chaluubhhhaai's offer as per the rules for the I P issue.