Paytm shares closed 27% lower than IPO price on the company's market debut on Thursday. Coffee Day Enterprises' stock fell 17.64% on its listing in November 2015, while Reliance Power's stock fell 17.22% on its listing in 2008. ICICI Securities' stock fell 14.41% on its market debut in April 2018 while Kalyan Jewellers' stock fell 13% in March 2021 listing.