Tata Capital IPO: Price band set at Rs 310 to Rs 326; why is it cheaper than unlisted levels?
Tata Capital IPO: Price band set at Rs 310 to Rs 326; why is it cheaper than unlisted levels?
Tata Capital's much-anticipated Rs 15,512-crore IPO is priced at Rs 310-326 per share, significantly below its unlisted market value of Rs 735. This surprising discount follows a sharp decline in its unlisted stock, which analysts attribute to inflated expectations and sector weakness.
Tata Capital's much-anticipated Rs 15,512-crore IPO is priced at Rs 310-326 per share, significantly below its unlisted market value of Rs 735. This surprising discount follows a sharp decline in its unlisted stock, which analysts attribute to inflated expectations and sector weakness.