HDB IPO triggers grey market reset: NSE, NSDL, Tata Capital shares dip in unlisted trade; retail FOMO persists despite valuation concerns
Investor confidence in India's unlisted securities market has been shaken following HDB Financial Services' IPO being priced below expectations. This has led to a decline in the unlisted values of other prominent pre-IPO stocks like NSE, NSDL, and Tata Capital. Investors are now more valuation-sensitive, comparing unlisted prices with listed peers, and advised to remain cautious due to inflated expectations.
Investor confidence in India's unlisted securities market has been shaken following HDB Financial Services' IPO being priced below expectations. This has led to a decline in the unlisted values of other prominent pre-IPO stocks like NSE, NSDL, and Tata Capital. Investors are now more valuation-sensitive, comparing unlisted prices with listed peers, and advised to remain cautious due to inflated expectations.
