Skip to main content

Ola Electric IPO 2024 – Listing Price, Day Gain, Current Trend & Recommendation

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 NameOla Electric Mobility Ltd
Listing Date2024-08-09
IPO Size₹6,145.56 Cr
Price Band₹72 – ₹76
Open Date2024-08-02
Close Date2024-08-06
Lot Size195 Shares
ExchangeNSE, BSE
RegistrarLink Intime India Pvt Ltd
Issue TypeBook 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 TrendDowntrend
RecommendationAvoid

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.

Labels:

Comments

Post a Comment

Popular posts from this blog

Common IPO Mistakes Investors Make and How to Avoid Them in India

Investing in an Initial Public Offering ( IPO ) can be exciting, but it comes with its own risks and challenges. Many investors, especially beginners, often make mistakes that reduce their chances of a profitable investment. In this comprehensive guide, we will highlight common IPO mistakes and provide actionable tips on how to avoid them, ensuring you make informed decisions for a successful portfolio. Understanding the DRHP (Draft Red Herring Prospectus) and RHP (Red Herring Prospectus) is the first step toward making smart IPO investments. These documents contain crucial details about a company’s financial health, promoter background, and growth potential. Skipping this step is one of the most common pitfalls. Common IPO Mistakes and How to Avoid Them Common Mistake How to Avoid Skipping the DRHP/RHP reading Always review the DRHP and RHP to understand financials, risks, and promoter details. ...
Post a Comment
Read more

Rukmani Devi Garg Agro Impex IPO 2025: Price Band, Dates, Financials & Expert Analysis

IPOName: Rukmani Devi Garg Agro Impex Ltd; ListingDate: 2025‑10‑06; IPOSize: ₹23.52 Cr; PriceBand: ₹93‑₹99; OpenDate: 2025‑09‑26; CloseDate: 2025‑09‑30; LotSize: 2,400; Exchange: BSE SME; IssueType: Fresh Issue; FaceValue: ₹10; Registrar: Bigshare Services Pvt. Ltd. The agro-processing sector continues to attract investor interest as Rukmani Devi Garg Agro Impex Ltd launches its Initial Public Offering (IPO) with a fresh issue aggregating up to ₹23.52 crore. The IPO opens on 26 September 2025 and closes on 30 September 2025 , with a price band set between ₹93 and ₹99 per share of face value ₹10 each. Each lot consists of 2,400 shares, requiring a minimum investment of ₹2,37,600 at the upper band. The issue is entirely a fresh equity offering, with no Offer for Sale (OFS) component. Listing is proposed on BSE SME on 6 October 2025 , with allotment expected by 3 October. Company & Business Profile Incorporated in 1998 and headquartered in Kota, Rajasthan, Rukman...
Post a Comment
Read more

iValue Info Solutions IPO Review 2025 – Price Band, GMP, Subscription & Allotment

IPO Name: iValue Infosolutions Ltd; Listing Date: 2025-09-25; IPO Size: ₹560.29 Cr; Price Band: ₹284–₹299; Open Date: 2025-09-18; Close Date: 2025-09-22; Lot Size: 50; Exchange: NSE, BSE; Issue Type: Book Built (OFS); Face Value: ₹2; Registrar: Link Intime India Pvt Ltd The IPO investors community is closely watching the iValue Infosolutions Ltd IPO, which is opening on 18 September 2025 and closing on 22 September 2025 . The company has set its price band at ₹284–₹299 per share , with a total issue size of ₹560.29 crore . This issue is a complete Offer for Sale (OFS) of 1.87 crore shares, meaning that no fresh issue of shares will be made, and the proceeds will go to existing shareholders. The minimum lot size is 50 shares, translating to a retail investment of about ₹14,950 at the upper band. About iValue Infosolutions iValue Infosolutions is a leading digital and information technology solutions distributor in India. The company specializes...
Post a Comment
Read more