Shares of One 97 Communications, the parent entity of digital payments firm Paytm, made a weak debut on the stock exchanges on Thursday, listing at a loss of over 9 per cent below its issue price. The stock recorded a fall of over 27 per cent from the issue price by the end of the trade on Thursday. 

The scrip got listed at Rs 1,950 apiece on the NSE, registering a fall of 9.30 per cent from its offer price of Rs 2,150. On the BSE, it opened at Rs 1,955, down 9.07 per cent from the issue price. 

The stock continued its downward momentum and inched further lower from its opening levels during the intraday trade. It hit the 20 per cent lower circuit towards the end of the session. It hit a low of Rs 1564 on the BSE and Rs 1,560 on the NSE. 

The scrip eventually settled at Rs 1564.15 on the BSE, down 27.25 per cent from the issue price. On the NSE, it ended at Rs 1,560, down 27.44 per cent. The market capitalisation of Paytm stood at Rs 1,01,399.72 crore at the end of trade, data from the BSE showed. 

Nearly 2.40 crore shares of Paytm were traded during the day on NSE, while over 10.06 lakh shares exchanged hands on the BSE, data from the respective stock exchange showed. 

The country’s largest initial public offer (IPO) worth a whopping Rs 18,300 crore was subscribed by 1.89 times during its offer period from November 8 to 10. 

It comprised a fresh issue of equity shares worth Rs 8,300 crore and an Offer For Sale (OFS) worth Rs 10,000 crore by existing shareholders, including its founder Vijay Shekhar Sharma, along with Ant Financials, Alibaba, Elevation Capital, SAIF III Mauritius Company and Saif Partners. 

The Paytm IPO had surpassed the 2010 offering of State-run Coal India that had raised over Rs 15,000 crore.