Since the onset of the pandemic, Indians have been very interested and intrigued with the share market. People have been researching and investing in the stock market. This has given a boost to many companies to go public and launch their IPOs in the past year alone.
While many of these IPOs have been promising, some have not had a fortunate start. Paytm, the fintech giant that recently launched its IPO, disappointed the investors after it made a weak market debut on Thursday with stock crashing 20 per cent.
The stock opened at Rs 1,950 on the National Stock Exchange and the listing price on the Bombay Stock Exchange was Rs 1,955, against the issue price of Rs 2,150.
However, Paytm may not be the only company to have a substandard opening on its IPO launch day. Here are the companies that witnessed a fall on its opening day.
Bajaj Consumer
List Date: 18 Aug’10
Listing Price: 730
Closing Price: 151.65
Change Post Listing: -77.02%
IEX
List Date: 23 Oct’17
Listing Price: 1500
Closing Price: 162.65
Change Post Listing: -90.14%
Gravita India
List Date: 16 Nov’10
Listing Price: 218.75
Closing Price: 42.08
Change Post Listing: -66.34%
IRCTC
List Date: 14 Nov’19
Listing Price: 644
Closing Price: 145.72
Change Post Listing: -54.46%
PC Jeweller
Also Read: Top 10 IPOs Held In Indian History
List Date: 27 Dec’12
Listing Price: 137
Closing Price: 74.50
Change Post Listing: -44.81%
ICICI Securities
List Date:05 Apr’18
Listing Price: 435
Closing Price: 444.90
Change Post Listing: -14.44%
Coffee Day
List Date: 12 Nov’15
Listing Price: 313
Closing Price: 270.15
Change Post Listing: -17.64%
Kalyan Jewellers
List Date: 26 Mar’21
Listing Price: 73.90
Closing Price: 75.30
Change Post Listing: -13.45%
