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%