Before the listing, grey market speculations suggested a discount, but Ola Electric shares defied expectations by listing at par and then surging.
The IPO was open from August 2-6, 2024, with a price band of ₹72-76 per share. Ola Share Price is trending at ₹91.18 as of 14:03 PM
Ola Electric IPO was subscribed 4.27 times, with the QIB quota leading at 5.31 times and retail at 3.92 times.
₹1,600 crore from the IPO proceeds is earmarked for R&D, signaling Ola Electric’s commitment to EV innovation.
Ola Electric's turnaround post-listing was better than expected, marking a milestone in the company’s EV journey.