Paytm Launches Largest IPO On BSE; Falls In Red At Initial Minutes

One97 communication, the parental company of Paytm, launched India's Largest Initial Public Offering (IPO) on November 18 on the Bombay Stock Exchange (BSE). According to reports, amid the weak market sentiments, immediately after the launch, the shares of Paytm traded in the red zone and fell over 20 percent within minutes of trading. The IPO of the company was launched with a value estimated to be Rs 18,300 crores, reports.