Paytm, CCD and Reliance Power — here’s is a list of companies that had the worst stock market debut ever

Nov 22, 2021

By: Kritti Bhalla

One 97 Communications

One 97 Communications is the parent company of digital payments giant Paytm, which lost over $7 billion in market cap on the first day listing. | Listing day loss: 27.25 percent | Listing: November, 2021

Credit: One-97-Communications

Coffee Day Enterprises

About three decades old Coffee Day Enterprises is the parent company of Cafe Coffee Day. It has a market cap of ₹791 crore, as on November 22, 2021. | Listing day loss: 17.60 percent | Listing: October, 2015

Credit: BCCL

Reliance Power

Reliance Power Limited, formerly Reliance Energy Generation, is a part of Anil Dhirubhai Ambani Group. It develops, constructs, operates and maintains power projects in the Indian and international markets. | Listing day loss: 17.20 percent | Listing: January, 2008

Credit: Reliance-Power

ICICI Securities

ICICI Securities is a technology-based firm, which offers a wide range of financial services including banking, broking, private wealth management. It has a market cap of ₹25,086 crore. | Listing day loss: 14.40 percent | Listing: March, 2018

Credit: ICICI-Securities

Cairn India Ltd

Gurugram-based Cairn India was an Indian oil and gas exploration and production company, which was merged with Vedanta Limited in 2018. |Listing day loss: 14.10 percent | Listing: December, 2006

Credit: Canva

UTI Asset Management

UTI Asset Management company (UTI AMC) is an investment manager to the scheme of UTI Mutual Funds. It also manages offshore funds and provides support to specified undertakings of the Unit Trust of India (UTI).| Listing day loss: 14 percent | Listing: September, 2020

Credit: UTI

Kalyan Jewellers India

Kalyan Jewellers India is a chain of jewellery stores in India and abroad. Its shares have dropped 5.82 percent this year to date and it sits on a market cap of ₹7,297 crore. | Listing day loss: 13.40 percent | Listing: March, 2021

Credit: BCCL

Bharti Infratel

Bharti Infratel Limited is a telecommunications infrastructure company, which offers telecom towers, fibre networks and other related infrastructure. It sits on a market cap of ₹77,627 crore. | Listing day loss: 13.10 percent | Listing: December, 2012

Credit: Canva

Indiabulls Power

Incorporated in 2007, Indiabulls Power is a power project development company like Reliance Power. It has a market cap of little over ₹ 2,000 crore. | Listing day loss: 12.80 percent | Listing: October, 2009

Credit: BCCL

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited is a life insurance company in India, which was established as a joint venture between ICICI Bank and Prudential Corporation Holdings Limited. | Listing day loss: 10.90 percent | Listing: September, 2020

Credit: BCCL

Data Source

The data was sourced from Primedatabase.com.

Credit: Canva

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