– Ola Electric Mobility shares made a flat stock market debut on August 9
– Shares were listed at par with their issue price on both BSE and NSE
– Ola Electric shares settled 19.99% higher at ₹91.18 apiece on BSE and 20% higher at ₹91.20 apiece on NSE
– CEO Bhavish Aggarwal stated that the company bears the responsibility of being custodians of public money
– Ola Electric’s revenue grew significantly between FY22 and FY24, while net loss widened
– Analysts suggest holding Ola Electric shares for medium to long term and advise fresh investors to accumulate shares at current levels
– Ola Electric shares saw strong buying interest and hit an upper circuit limit of 20%
– Ola Electric IPO GMP in the grey market was in negative figures before the listing
– The IPO listing date was fixed for August 9, with the company raising ₹6,145.56 crore from the IPO
– Ola Electric’s vision for the EV market is ambitious, but current financial performance and competitive landscape pose challenges