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Indias biggest IPO Paytm Share prices crashed to 26%

Shares of digital funds and financial firms company Paytm made its quite a bit anticipated stock market debut on Thursday. The stock listed at 1,950 per share on the NSE, a 9% low value as as compared with its IPO state of affairs price of 2,150 apiece. On BSE, Paytm shares started shopping for and promoting at 1,955 per share with market capitalization above 1 lakh crore. The stock fell further to 1,610 in early gives.

The three-day preliminary public offering (IPO) of Paytm’s dad or mum One97 Communications was launched on November 1 that concluded on November 3 with a price band of 2,080-2,150 per share.

The Paytm stock was shopping for and promoting 23.95% beneath its state of affairs price at Rs 1,644.00, ascribing the fintech company a market capitalisation of Rs 1,06,576.19 crore. As in contrast, shares of Zomato and Nykaa dad or mum FSN E-Commerce Ventures surged inside the first few hours of shopping for and promoting to realize a market cap of Rs 1 lakh crore, whereas PB Fintech had a valuation of over Rs 50,000 crore on the end of day one.

Paytm IPO was launched on November 1 and concluded on November 3 with a worth band of INR 2,080-2,150 per share

Paytm IPO Listing Details

Discover the Paytm IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group. The knowledge given beneath will make it easier to on the Paytm share listing day.
BSE Code 543396
NSE Code PAYTM
Group B Group
ISIN No INE982J01020
Offer Price ₹2150
Face Value ₹1
Listing Date 18 November 2021, Friday

 

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