India's Paytm share price drops

2021-11-18 05:57:03

Asian Tech Press (Nov 18) -- Paytm, India's largest e-wallet, went public on the Bombay Stock Exchange on Nov. 18 with an issue price of Rs. 2,150 (equal to US$29) per share, but it quickly plummeted to Rs. 1,750 after the opening bell.

Previously, Paytm's fundraising goal was 183 billion rupees (about $2.5 billion), and the IPO was completely subscribed, setting a new record for India's largest IPO.

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