Paytm, Star Health IPOs show retail investors' psyche: Analysts

The low-key investor response to big-ticket initial public offers (IPOs) of Paytm and Star Health and Allied Insurance offers interesting insights into the investment psyche of market participants. While one was the front-runner of India’s digital payment landscape during demonetisation, the other had the backing of ace investor Rakesh Jhunjhunwala. Yet, both these maiden public offers with subscription levels are nothing to write home about.

Paytm’s IPO was subscribed 1.89 times and Star Health’s offer was subscribed 79 per cent. In comparison, initial share sales of other companies, launched during the same period, garnered far more investor interest.

So, why