Ola Electric Share Price Live Updates: Ola Electric Mobility shares made a flat stock market debut today, August 9. Ola Electric shares were listed at par with their issue price on Friday. Ola Electric share price began trading at ₹76 apiece on NSE as against its issue price of ₹76 apiece. On BSE, Ola Electric shares were listed with a discount of 0.01 per cent at ₹75.99 apiece. The initial public offering (IPO) of the electric two-wheeler maker Ola Electric Mobility commenced on August 2 and concluded on August 6. The IPO allotment was fixed on August 7 and the Ola Electric share price listing date is today August 9. Ola Electric shares were listed on both the stock exchanges - BSE and NSE.
Stay tuned to our Ola Electric IPO Listing live blog for the latest updates.
09 Aug 2024, 04:07:10 PM IST
Ola Electric Share Price Live: Stock settles 19% higher on listing day
Shares of Ola Electric settles 19.99 per cent higher at ₹91.18 apiece on the BSE. Shares settled 20 per cent higher at ₹91.20 apiece on the NSE.
At the listing ceremony, CEO Bhavish Aggarwal said, ‘’Ola Electric now ‘’bears the responsibility of being custodians of public money, tasked with allocating it wisely for the benefit of all stakeholders - consumers, employees, shareholders, and most importantly, society.''
‘’I hope when we all remember this day, wherever we are, in whichever company or job or country, we remember this emotion that we all feel today - that our destination is still far ahead!,'' said Aggarwal addressing the listing ceremony.
09 Aug 2024, 03:37:58 PM IST
Ola Electric Share Price Live: Shares trend today
Ola Electric shares attracted strong buying interest among Dalal Street bulls, leading to a rise in the trade volume of the newly listed stock from siz crore to over 34 crore within an hour of its debut. Ola Electric's share price extended its upward movement and touched an intraday high of ₹90.88 apiece on NSE, logging around 19.50 per cent gain against the upper price band of Ola Electric's IPO price.
09 Aug 2024, 02:49:16 PM IST
Ola Electric Share Price Live: Ola Electric’s net losses widened in FY24
Ola Electric Share Price Live: Ola Electric Mobility’s revenue grew from ₹456.2 crore to ₹5,243.2 crore between FY22 and FY24, while net loss widened from ₹784.14 crore to ₹1,584.4 crore during the same period.
09 Aug 2024, 02:02:22 PM IST
Ola Electric Share Price Live: Ola Electric share price still locked at 20% upper circuit
Ola Electric Share Price Live: Ola Electric share price is still locked at an upper circuit limit of 20% at ₹91.20 apiece on NSE led by strong buying interest. There were only buyers in Ola Electric shares and no sellers that led the stock to hit the upper circuit limit after the listing. Ola Electric shares made a flat listing in the stock market today as the stock was listed at par with its issue price at ₹76 per share. The demand for Ola Electric shares escalated in the afternoon session and the stock price jumped 20% to its upper circuit limit on BSE and NSE.
09 Aug 2024, 01:43:17 PM IST
Ola Electric Share Price Live: A look at Ola Electric’s plans to utilise the IPO proceeds
Ola Electric Share Price Live: Ola Electric proposes to utilize the net issue proceeds towards funding of the following objects:
- Capital expenditure to be incurred by its subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from 5 GWh to 6.4 GWh, classified as phase 2 under the expansion plan
- Repayment or pre-payment, in full or part, of the indebtedness incurred by the Subsidiary, OET
- Investment into research and product development
- Expenditure to be incurred for organic growth initiatives
- General Corporate Purpose
09 Aug 2024, 01:25:54 PM IST
Ola Electric Share Price Live: Ola Electric had highest revenue of all Indian electric 2W OEMs in 2023
Ola Electric Share Price Live: Ola Electric Mobility Ltd (OEML) is a pure Electric Vehicle (EV) player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. OEML had the highest revenue of all Indian incorporated electric 2Ws (E2Ws) original equipment manufacturers (OEMs) from E2W sales in Fiscal 2023.
Within nine months of delivering its first EV scooter in December 2021, it became the bestselling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways.
09 Aug 2024, 12:52:39 PM IST
Ola Electric Share Price Live: Ola Electric share price locked at 20% upper circuit
Ola Electric Share Price Live: Ola Electric share price was locked at 20% upper circuit limit at ₹91.20 apiece on NSE as there were only buyers in stock and no sellers. The heightened buying in Ola Electric shares comes after the stock made a flat listing in the stock market today. Ola Electric shares were listed at par with its issue price at ₹76 per share. The demand for Ola Electric shares increased and the stock price jumped 20% to its upper circuit limit on BSE and NSE.
09 Aug 2024, 12:24:37 PM IST
Ola Electric Share Price Live: Ola Electric shares extend rally after listing
Ola Electric Share Price Live: Ola Electric share price extended rally after a flat listing on stock exchanges. Ola Electric shares traded more than 18% higher at ₹90 per share on NSE. Ola Electric stock traded 18.75% higher at ₹90.25 on the BSE.
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09 Aug 2024, 12:00:16 PM IST
Ola Electric Share Price Live: Hold Ola Electric shares for medium to long term, advises Arun Kejriwal
Ola Electric Share Price Live: Advising Ola Electric shareholders to hold the stock for the medium to long term, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “At the time of listing, Ola Electric shares had a trading volume of around 6 crore that surged to over 34 crore within an hour of share listing. This means institutional buying has taken place at an alarming level, and hence, chances of retracement in Ola Electric share price from the higher levels are limited. So, Ola Electric shareholders are advised to hold the scrip maintaining stop loss at ₹75."
On the suggestion to fresh investors, Arun Kejriwal said, “Fresh investors can start accumulating Ola Electric shares from current levels and keep on adding after every big dip in the newly listed shares. They are also advised to maintain stop loss at ₹75 apiece."
09 Aug 2024, 11:45:00 AM IST
Ola Electric Share Price Live: Ola Electric share price hits 20% upper circuit
Ola Electric Share Price Live: Ola Electric share price witnessed strong buying after a flat listing on the Indian stock market today. With the heavy demand, Ola Electric shares hit upper circuit of 20% on NSE. Ola Electric share price was locked at 20% upper circuit at ₹91.20 apiece on NSE as against its listing price of ₹76 per share. Ola Electric shares were listed at par with its issue price. On BSE, Ola Electric shares hit 20% upper circuit at ₹91.18 apiece.
09 Aug 2024, 11:14:36 AM IST
Ola Electric Share Price Live: Risk-taking investors can hold Ola Electric shares, buy on dip for 2-3 years: Analyst
Ola Electric Share Price Live: Despite receiving demand well below street expectation, Ola Electric shares listed well above street expectations, which can be attributed to market mood. Analysts have recommended only risk-taking investors with a time frame of 2-3 years to hold Ola Electric shares.
“Post listing the short term view remains the same due to weak financials and risk of negative cash flows in future and allotted investors should understand the risk before holding which could adversely impact its consolidated financial condition post listing. Considering all the factors, we advise only risk taking investors to continue to hold Ola Electric shares with a minimum holding period of 2-3 years, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
If Ola Electric shares are available well below its issue price, Tapse recommends risk taking investors to accumulate on every dip to be part of 2-3 years of journey. The long term story is intact but we may see a lot of ups and downs in the short term, he added.
09 Aug 2024, 10:52:58 AM IST
Ola Electric Share Price Live: Ola Electric shares near 20% upper circuit limit after listing
Ola Electric Share Price Live: Ola Electric share price jumped more than 17% after listing on the stock exchanges, nearing its upper circuit level of 20%. Ola Electric shares spiked 17.7% to a high of ₹89.50 apiece on NSE after listing at par with its issue price at ₹76 per share. On BSE, Ola shares surged as much as 17.4% to ₹89.25 apiece.
09 Aug 2024, 10:38:24 AM IST
Ola Electric Share Price Live: All you need to know about the ₹6,145.56 crore worth Ola Electric IPO
Ola Electric Share Price Live: Ola Electric Mobility IPO opened for public subscription on August 2 and concluded on August 6. The IPO allotment was fixed on August 7 and the IPO listing date is August 9. Ola Electric IPO price band was set at ₹72 to ₹76 per share. The EV maker raised ₹6,145.56 crore from the IPO.
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09 Aug 2024, 10:30:12 AM IST
Ola Electric Share Price Live: Book profit in Ola Electric shares: Analyst
Ola Electric Share Price Live: Ola Electric shares rallied over 10% after a flat debut. Analysts suggest booking profit in Ola Electric shares amid challenges faced by the electric two-wheeler maker, its consistent losses and high competition.
“Ola Electric Mobility Ltd., the electric vehicle pioneer, made its debut on the stock market, listing at its issue price of ₹76 per share. This flat performance, coupled with a mere 4.45 times subscription, underscores the challenges the company faces in gaining investor confidence," said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
“While Ola Electric's vision for the EV market is ambitious, the company’s current financial performance, marked by consistent losses, and the highly competitive landscape have tempered investor enthusiasm. The negative grey market sentiment prior to listing further reflected these concerns.
The flat listing highlights the need for Ola Electric to demonstrate a clear path to profitability and navigate the complexities of the EV market effectively. Investors are suggested to exit and book a minor profit, but those who want to take risks may hold their position by keeping a stop loss below ₹70," she added.
09 Aug 2024, 10:23:01 AM IST
Ola Electric Share Price Live: Ola Electric shares jump over 10% after flat listing
Ola Electric Share Price Live: Ola Electric share price rallied over 10% after listing flat on the stock exchanges. Ola Electric shares jumped as much as 10.80% to ₹84.21 apiece on NSE as against its listing price of ₹76 per share. On BSE, Ola Electric shares hit a high of ₹84.14 apiece.
09 Aug 2024, 10:01:47 AM IST
Ola Electric Share Price Live: Ola Electric shares make a flat stock market debut
Ola Electric Share Price Live: Ola Electric share price made a muted debut on the Indian stock market today as the stock was listed flat as compared to the issue price. Ola Electric shares were listed at ₹76 apiece on the NSE as against its issue price of ₹76 per share.
On BSE, Ola Electric shares were listed with a discount of 0.01% at ₹75.99 apiece.
09 Aug 2024, 09:50:14 AM IST
Ola Electric Share Price Live: Ola Electric’s net loss widens, revenue grows
Ola Electric Share Price Live: On the financial front, Ola Electric Mobility’s revenue grew from ₹456.2 crore to ₹5,243.2 crore between FY22 and FY24, while net loss widened from ₹784.14 crore to ₹1,584.4 crore during the same period.
09 Aug 2024, 09:30:45 AM IST
Ola Electric Share Price Live: Ola Electric set to test investor appetite, expected subdued listing: Swastika Investmart
Ola Electric Mobility Ltd., a pioneer in the Indian EV space, is set to test investor appetite with its upcoming IPO. The company, known for its aggressive expansion plans and technological ambitions, faces a challenging market sentiment reflected in a negative GMP of -3%. This underwhelming response follows a moderate subscription of 4.45 times, indicating tepid investor enthusiasm, said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
Ola Electric's vision to become a global EV leader, backed by significant investments in R&D and manufacturing, is commendable. However, the company's current financial performance, marked by consistent losses, raises concerns. High competition, pricing pressures, and employee attrition further add to the challenges. While the company's foray into the broader EV ecosystem, including batteries, holds promise, the path to profitability remains uncertain.
Investors will be closely watching the IPO listing to gauge market sentiment towards Ola Electric's business model and valuation. Given the current market conditions and the company's financial performance, a subdued listing is anticipated, Nyati added.
09 Aug 2024, 09:24:02 AM IST
Ola Electric Share Price Live: Ola Electric IPO GMP indicates muted listed
Ola Electric Share Price Live: Ola Electric shares are trading at a discounted price in the unlisted market ahead of listing later today. The Ola Electric IPO GMP today is in negative figures, according to stock market observers.
Ola Electric Mobility IPO GMP today is minus ₹3. This means that Ola Electric shares are trading at a discount of ₹3 to the issue price in the grey market. Considering the grey market discount and IPO price, the estimated Ola Electric IPO listing price is ₹73 per share, a 4% discount to IPO price of ₹76 per share.
It is to be noted that the grey market premium is just an indicative price of IPO listing and should not be considered for investment decisions.
09 Aug 2024, 09:19:59 AM IST
Ola Electric Share Price Live: Ola Electric Mobility raised ₹6,145.56 crore from the IPO
Ola Electric Share Price Live: Ola Electric IPO price band was set at ₹72 to ₹76 per share. The EV maker raised ₹6,145.56 crore from the book-built issue which was a combination of fresh issue of 72.37 crore equity shares amounting to ₹5,500 crore and offer for sale (OFS) of 8.49 crore shares worth ₹645.56 crore.
09 Aug 2024, 09:15:54 AM IST
Ola Electric Share Price Live: Ola Electric IPO key dates
Ola Electric Share Price Live: The bidding for Ola Electric Mobility IPO commenced on August 2 and concluded on August 6. The IPO allotment was fixed on August 7 and the IPO listing date is today, August 9. The company credited the shares into the demat accounts of eligible investors on August 8. Unsuccessful bidders whose bids were rejected, received the refund of their application money on the same day.
09 Aug 2024, 09:10:48 AM IST
Ola Electric Share Price Live: Ola Electric IPO listing date today
Ola Electric Share Price Live: The listing date of Ola Electric Mobility Limited's initial public offering (IPO) has been declared. According to the BSE notice, the Ola Electric IPO listing date has been fixed for 9 August 2024. Ola Electric's share listing is proposed for BSE and NSE.
