75% of Paytm shares Plunge Is The Worst Among Large IPOs In A Decade

One 97 Communications Ltd. has witnessed the worst first-year share decline among large IPOs in the last decade .

According to Bloomberg data, One 97 Communications Ltd., the operator of India's biggest digital-payments firm, Paytm, has witnessed the worst first-year share decline among large IPOs in the last decade, and the pain is worsening.The decline is the steepest one-year decline among IPOs in the world, with the lowest rate since Spain's Bankia SA's 82% decline in 2012, according to data from Bloomberg.In a note this week, JM Financial Ltd.'s stocks were sold off as a result of a deferral of the IPO, which has reduced its decline from Rs 2,150 to 79 percent.In 2006-2008, the market as a whole is over excited about manufacturing and capital goods firms.We were too excited about midcaps in 2013-2014.We were all excited about non-banking financial firms in 2017-2019, and people were all excited about technology in 2020-2022, he said, because some of these businesses have excellent business models, but that still, you feel there is not enough safety margin because these are evolving industries.

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