PayTM Shares Crash 27% After Poor Listing

PayTM closed at ₹1,560.80, 27% lower from its IPO price.

The massive fall in share price saw an erosion of ₹ 35,000 crore worth of investor wealth

PayTM's stock price had opened at ₹1,955, a discount of 9.3% over its offer price of ₹2,050 - ₹2,150.

The IPO was India's largest at ₹18,300 crores. It was subscribed 1.89 times.

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