Paytm Stock and Investors a failed Love Story

Anirudh Singh25 Feb, 2022Education

November 18, marked the listing of One 97 Communications Ltd (NS:PAYT), one of the most prominent Indian companies by Vijay Shekhar Sharma. Listings are common but this was India's biggest initial public offering (IPO) in history. It was successful in creating huge hype in the market way before its actual listing. A major section of investors was praying to get the IPO. But against all favours, on the first day of trading, India's largest IPO in history experienced a 27 per cent drop. Some popular market researchers predict that Investors should be wary about buying stock even in the future. Paytm is the second online IPO to fail on its first public offering (IPO).