One97 (Paytm) shares debuted in the secondary market at a discount. Most analysts suggest only aggressive investors who got the allotment to hold Paytm shares now with a long-term view.
Paytm shares made a weak debut on Dalal Street on Thursday, opening on bourses at a discount of around nine percent. The weak listing of One97 Communications -- the parent of digital services platform Paytm -- comes after its mega initial public offer (IPO), though fully subscribed, failed to receive the kind of response enjoyed by several companies in the recent times.
Paytm's IPO is the biggest of all time in India, surpassing the likes of Coal India, Reliance Power and GIC. (A complete list of India's biggest IPOs)
But what to do with Paytm shares now?