Digital payments company Paytm run by One97 Communications Ltd saw a sharp plunge in shares during its stock market debut on Thursday. This comes a week after the country's biggest-ever initial public offering. The shares plunged as much as 26% from the issue price on the first day itself.

The Paytm stock opened for trading at Rs 1,950 on the NSE, marking a decline of 9.3% or Rs 200 from its issue price of Rs 2,150. Paytm's Rs 18,300 crores IPO is the largest initial public offering ever to hit Dalal Street. More than 1.6 crore equity shares of Paytm moved between investors on the NSE.

Digital payments company Paytm run by One97 Communications Ltd saw a sharp plunge in shares during its stock market debut on Thursday. This comes a week after the country's biggest-ever initial public offering. The shares plunged as much as 26% from the issue price on the first day itself.

The Paytm stock opened for trading at Rs 1,950 on the NSE, marking a decline of 9.3% or Rs 200 from its issue price of Rs 2,150. Paytm's Rs 18,300 crores IPO is the largest initial public offering ever to hit Dalal Street. More than 1.6 crore equity shares of Paytm moved between investors on the NSE.