Zerodha Co-founder Nikhil Kamath spoke to Bloomberg about Paytm's stock market debut and said, "There has been a euphoria around IPOs in India, supported by the bull-run in stocks and people got carried away by it." He added, "For Paytm, the runway for...profitability is too long and doesn't justify the far-fetched pricing." Paytm's ₹18,300-crore IPO is India's biggest so far.