These 10 companies saw big losses on D-Street debut

Paytm parent company One97 Communications Ltd made its market debut on November 18, 2021, and on an opening day, the company's shares tanked over 27 per cent from the issue price of Rs 2,150 and settled at Rs 1,564.15.PayTm is not the first company that saw a huge price correction on their listing day. Here we take a look at the IPOs that saw the biggest losses on their listing day in the Indian stock market.

One97 Communications Ltd: The shares of the Paytm parent company tumbled over 27 per cent from the issue price of Rs 2,150 on its first day on the market. Credit: Reuters Photo

Coffee Day Enterprises: Listed on November 2, 2015, the company's share price tanked nearly 17 per cent on its debut. Credit: Reuters Photo

Reliance Power: Shares of Anil Ambani's Reliance Power saw a dip of nearly 17.2 per cent from the listing price on its market debut in 2008. Credit: Twitter/@reliancepower

ICICI Securities: One of India's largest broking firms, ICICI Securities made a weak market debut in 2018. It got listed at a 16.3 per cent discount to the issue price of Rs 520. Credit: Reuters Photo

Cairn India Ltd: Indian oil and gas exploration and production company Cairn India launched its IPO in 2006 and the shares of the company tumbled over 14 per cent on the first day. Credit: Facebook/CairnOilandGas

UTI asset Management LTD: Launched in September 2020, UTI registered a dip of 14 per cent when it entered Dalal Street. Credit: Facebook/utimutualfund

Kalyan Jewellers India Ltd: Investors lost nearly 13.4 per cent on Kalyan Jewellers' market debut. Credit: Facebook/KalyanJewellersIndia

Bharti Infratel: Bharti Infratel made a weak market debut and shed over 13 per cent of its issue price upon debut. Credit: Wikipedia

Indiabulls Power Ltd: The share price of Indiabulls Power registered a decline of 12.8 per cent on its market debut in 2009. Credit: DH Pool Photo

ICICI Prudential Life Insurance Co Ltd: ICICI Prudential Life Insurance Co Ltd: Listed on September 19, 2016, ICICI Prudential Life Insurance Co Ltd's share price saw a downfall of 10.9 per cent on its first day on the block. Credit: Facebook/ICICIPruLife