Paytm, India’s biggest IPO in corporate history, is also the biggest listing day loser

New Delhi [India] : Paytm, one of India’s biggest digital payment platforms failed to show its magic on the day of its debut at the stock market as its share crashed 27 per cent. Going by the data, IPOs of companies with issue size above Rs 1,000 crore in the last 15 years, Paytm’s IPO which was the country’s largest-ever in the corporate history, saw the biggest crash on a listing day. Before Paytm, Cafe Coffee Day’s parent company Coffee Day Enterprises’ stock had tumbled the highest (17.6 per cent from its issue price) on its listing day in November 2015. In 2008, Anil Dhirubhai Ambani Group-owned Reliance Power too had started its journey at the stock market with a 17.2 per cent fall from its issue price. Besides Paytm, Coffee Day and Reliance Power, the IPOs list of companies with the issue size of…

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