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NSE Rises 5% on Debut; Paytm Crashes 27%, Coal India Soars 40%: India's Mega IPOs Debuts
M
Moneycontrol•24-09-2026, 10:49
NSE Rises 5% on Debut; Paytm Crashes 27%, Coal India Soars 40%: India's Mega IPOs Debuts
- •National Stock Exchange of India shares rose 5% on their trading debut after a $2.3 billion IPO, India's second-biggest.
- •Hyundai Motor India's shares fell over 7% on their 2024 debut after the country's largest-ever IPO, facing concerns over valuation and industry slowdown.
- •Life Insurance Corp of India slid nearly 8% in its 2022 debut despite strong demand for what was then India's largest IPO.
- •Digital-payments firm Paytm plunged over 27% in one of India's worst large-cap market debuts in 2021, intensifying concerns over aggressive valuations.
- •State-run Coal India surged 40% on its listing day in November 2010, as investors embraced the stock as a proxy for India's surging growth and energy demand.
Key Questions Answered
National Stock Exchange of India shares rose as much as 5% on their trading debut on Thursday after a $2.3 billion IPO, listing on the BSE at 1,800 Indian rupees, which was a premium of less than 1% to its IPO price.
Hyundai Motor India's shares fell more than 7% on their 2024 debut after facing a muted response from retail investors due to concerns over a rich valuation and an industry slowdown.
Digital-payments firm Paytm suffered one of India's worst large-cap market debuts in 2021, plunging more than 27% after its $2.5 billion IPO.
