Paytm, CCD and Reliance Power — here’s is a list of companies that had the worst stock market debut ever
Paytm, Cafe Coffee Day and Reliance Power — here’s are the worst stock market debut ever
Nov 22, 2021
Credit: Canva
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
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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
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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