Book a loss and exit Paytm stock now, advise analysts

Given the offer's aggressive pricing and the fact that One97 Communications, the parent company of Paytm, still remains a loss-making entity, most analysts had expected a sub-par listing

Paytm, the biggest initial public offer (IPO) in India so far debuted 9 per cent lower on Thursday at Rs 1,950 on the BSE and slipped 20 per cent to Rs 1700 levels as the trade progressed. 

The company's Rs 18,300-crore offering, the biggest-ever in the domestic capital markets, had barely managed to sail through. On an overall basis, the issue was subscribed 1.89 times, with the institutional portion getting a subscription of 2.79 times and the retail investor portion 1.66 times.

Given the offer's aggressive pricing and the fact that One97 Communications, the parent company of Paytm,