Paytm has lost over Rs 1 trillion in market cap since its issue

Paytm's m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77 per cent in just over a year to Rs 30,971 crore

The shares of One97 Communications, which operates the payments platform Paytm, hit an all-time intra-day low of Rs 476.65 apiece before closing at Rs 477.1 on Tuesday, down over 11 per cent from their previous close. The company's market capitalisation (m-cap) was Rs 30,971 crore at close on Tuesday – down by over Rs 1 trillion since the time of the issue.

Compared with the issue price of Rs 2,150, the company's share price has fallen nearly 78 per cent. The m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77