Paytm, India's largest IPO listed on the exchanges with no fireworks for the shareholder as it traded below the issue price of Rs 2150/share at it's debut.
Backed by China's Ant Group, the payment merchant list at Rs 1,955.00 a piece on BSE, a 9% discount to the issue price.
The son of a teacher, Vijay Shekhar was visibly emotional at the ceremony "From coal to a fintech, in 11 years - India has transformed. To every Paytmer, you’ve changed India for good," Sharma said in his tweet.
India's largest IPO worth Rs 18,300 crore was subscribed 1.89 times, with the qualified institutional buyer (QIB) portion of the issue seeing a subscription 2.79 times higher than its offer size.