Poor listing of shares of paytm giant, loss of crores of rupees to investors

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New Delhi, November 18, 2021

Weak listing of financial technology giant Paytm shares has cost investors crores of rupees.

The stock is listed on the stock exchange at a price of Rs 1950, when its issue price was Rs 2150. Thus, it was listed with a 9 per cent discount. At the time of listing, its market cap was Rs 1.26 lakh crore.

The IPO was considered to be the largest IPO in the country but investors did not respond well to it. The IPO was barely subscribed on the last day.

Even after listing, the share price plummeted to Rs 1,616 at one point. With the fall in gray market premium and weakening market sentiment over the last few days, speculators are speculating that the listing of this IPO will not be good and it has come true.

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