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Paytm shares fall 25% from IPO price on listing day
short by Kiran Khatri / on Thursday, 18 November, 2021
The shares of Paytm parent One97 Communications were trading 25% lower in comparison to its IPO price of ₹2,150 following a weak stock market debut on Thursday. The shares opened at ₹1,955 apiece on the BSE and fell to an intraday low of ₹1,586. Paytm's IPO, India's biggest ever public issue at ₹18,300 crore, was subscribed 1.89 times.
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