Paytm shares make tepid debut; list with over 9% discount
The Hindu
Ant Group-backed Paytm’s ₹18,300 crore IPO was oversubscribed 1.89 times on the last day of India’s biggest share sale last week.
Shares of One97 Communications Ltd, Paytm's parent company, on Thursday made a tepid market debut, listing with a discount of over 9% from the issue price of ₹2,150.
The stock was listed at ₹1,955, slipping 9% from the issue price on the BSE. It then tumbled 20.67% to ₹1,705.55.
At the NSE, it debuted at ₹1,950, registering a decline of 9.30% against the issue price.
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