IPOName: Ola Electric Mobility Ltd; ListingDate: 2024-08-09; IssuePrice: 72; ListingPrice: 76; ListingDayGain: 5.56; ListingGain: 5.56; CurrentPrice: 59.91; GainSinceListed: -21.19; CurrentTrend: Downtrend; Recommendation: Avoid; IPOSize: ₹6,145.56 Cr; PriceBand: ₹72–₹76; OpenDate: 2024-08-02; CloseDate: 2024-08-06; LotSize: 195; Exchange: NSE, BSE; Registrar: Link Intime India Pvt Ltd; IssueType: Book Built; FaceValue: ₹10;
Ola Electric IPO Overview
Ola Electric Mobility Ltd, a leading name in India’s electric vehicle (EV) sector, went public on August 9, 2024. The company aimed to raise ₹6,145.56 crore through its IPO, with a price band of ₹72–₹76 per share. The IPO attracted massive investor interest and was fully subscribed on all days.
About Ola Electric
Founded in 2017, Ola Electric has quickly established itself as a market leader in electric two-wheelers in India. Its flagship manufacturing facility, the Ola Futurefactory in Tamil Nadu, is among the largest EV factories in the world. The company offers electric scooters, battery solutions, and charging infrastructure, targeting both domestic and select international markets.
Ola Electric IPO Details
| IPO Name | Ola Electric Mobility Ltd |
| Listing Date | 2024-08-09 |
| IPO Size | ₹6,145.56 Cr |
| Price Band | ₹72 – ₹76 |
| Open Date | 2024-08-02 |
| Close Date | 2024-08-06 |
| Lot Size | 195 Shares |
| Exchange | NSE, BSE |
| Registrar | Link Intime India Pvt Ltd |
| Issue Type | Book Built |
| Face Value | ₹10 per share |
| Issue Price | ₹72 |
| Listing Price | ₹76 |
| Listing Day Gain (%) | 5.56% |
| Listing Gain (%) | 5.56% |
| Current Price | ₹59.91 |
| Gain Since Listed (%) | -21.19% |
| Current Trend | Downtrend |
| Recommendation | Avoid |
Strengths of Ola Electric
- Leader in India’s EV scooter market with strong brand recognition.
- World-class manufacturing facility with scalable production capacity.
- Diversified revenue streams: EV sales, battery solutions, and charging infrastructure.
- Government incentives and policies supporting EV adoption.
Risks to Consider
- Highly competitive EV market with established automobile and new EV players.
- Dependence on battery technology and raw material costs.
- Profitability sensitive to government subsidies and market demand.
- Currency and regulatory risks for exports.
Investment Considerations
The Ola Electric IPO is suitable for investors with a high-risk appetite interested in the EV sector. While the company has strong fundamentals, the stock has experienced a decline since listing, indicating market volatility. Potential investors should carefully analyze the stock’s performance metrics and sector trends before investing.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should consult with financial advisors before making investment decisions.
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