Paytm shares crash 26% on debut after India's biggest-ever IPO

Nov 18, 2021 AlShorts Web Desk

Paytm shares plunged 26% on Thursday, a week after India's biggest-ever initial public offering. The stock slumped to INR1,586 from its issue price of INR2,150 to hit an intraday low. Earlier, Paytm’s INR183 billion IPO was the largest IPO ever to hit Dalal Street. The public issue of Paytm was subscribed 1.89 times by investors.