Those who have bought unlisted shares of Tata Capital in the run-up to its initial public offer (IPO) are facing losses as the price band is set at a third of the price prevailing over the last several months on unlisted shares trading platforms.

Tata Capital’s IPO price band has been fixed in the range ₹310-326, while its unlisted shares have been trading above ₹1,000 from April 2024 to June 2025, after which it started declining a bit. Even on September 28, Tata Capital’s shares were being quoted at over ₹700, before crashing to ₹300-odd levels.

Several people, including some elderly investors, are now stuck holding on to these high-priced shares.

Investment advisor Sandip Sabharwal, said on microblogging platform X, “TataCapital #IPO should finally break the back of the Unlisted Stoc

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