Paytm Shares Crash 28% On Debut After India's Biggest-Ever IPO: 10 Points

Paytm's Rs 18,300 crore IPO, which was the country's largest, was subscribed 1.89 times last week. On the BSE, Paytm stock opened for trading at Rs 1,955. Despite the dip in Paytm shares on debut the company clocked the valuation of over Rs 1 lakh crore. Analysts pointed at Paytm's expensive valuations as the reason behind the fall in stock price on its first trading session. Analysts at Macquarie Research said in a note to clie...