Tata Capital IPO: Price band set at Rs 310 to Rs 326; why is it cheaper than unlisted levels?
Tata Capital, the largest IPO of this year, announced the price band for its long awaited initial public offering, at Rs 310-326 per share for the Rs 15,512-crore issue.The pricing comes as a surprise, as it is less than half the stock’s last traded level in the unlisted market where it was trading at Rs…