Grey market trends for 2 big IPOs present a divergent picture

According to IPO market watchers, Tata Capital’s grey market premium stood at ₹5 apiece, or 1.5%, over the upper end of its price band of ₹326 on Tuesday evening. LG shares were at 27.4%, or ₹312 premium to the upper end of the issue price of ₹1,140.