Paytm’s market capitalization or its market value fell to Rs 56,233 crore after a disastrous start in the market on Thursday, BSE data shows. Paytm shares have fallen by 40 per cent from its IPO price to a low of Rs 1,283 in just two trading sessions. Analysts attribute the high valuation to the sharp fall in the share price. We talk to market experts about why Paytm’s share prices are falling and what it means for the Indian IPO fever.
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