Paytm operator One 97 Communications had a disappointing listing on the bourses on November 18 as it fell 9 percent on debut. The stock opened at Rs 1,950 on the National Stock Exchange and the listing price on the BSE was Rs 1,955, against issue price of Rs 2,150.
The leading digital payments platform’s initial public offering saw a tepid response from investors as it was subscribed 1.89 times. Net net qualified institutional investors supported the issue during November 8-10, subscribing for shares 2.79 times the portion set aside for them.
News Source:- Moneycontrol