Tata Capital lists at modest premium amid cautious sentiment

Tata Capital opened its shares at ₹330, just 1.2% above its issue price of ₹326, marking a tepid market debut. The muted response contrasts sharply with LG India’s strong listing and suggests investor caution in large-scale IPOs. Analysts point to valuation concerns, tight interest rate conditions, and crowded public issue calendars as dampeners. The subdued start may dampen momentum for large upcoming IPOs unless backed by strong fundamentals and demand.