Tata Capital IPO: GMP crashes to just 3% - why is grey market premium down despite favourable brokerages outlook?

Tata Capital IPO: Tata Capital's Rs 15,512 crore IPO, while lauded by analysts for strong fundamentals, faces subdued grey market sentiment. Limited listing gains are expected due to IPO pricing and recent merger-related asset quality concerns. Despite this, the company is viewed as a reliable long-term investment.

Tata Capital IPO: GMP crashes to just 3% - why is grey market premium down despite favourable brokerages outlook?
Tata Capital IPO: Tata Capital's Rs 15,512 crore IPO, while lauded by analysts for strong fundamentals, faces subdued grey market sentiment. Limited listing gains are expected due to IPO pricing and recent merger-related asset quality concerns. Despite this, the company is viewed as a reliable long-term investment.