Ola Electric shares sink 5% as one-month lock-in period expires; 18.18 crore stocks eligible for trade
Around 18.18 crore shares, representing 4% of Ola's outstanding equity, will become eligible for trading in the secondary market from today.
bhavish aggarwal
September 2024
August 2024
July 2024
From ₹76 to ₹146: Ola Electric shares nearly double in 6 sessions
The BSE has revised the circuit limit of Ola Electric Mobility from 20% to 10% to stop any unduly rising of the stock price.
Newly listed Ola Electric’s Q1 loss widens to ₹347 crore; revenue grows 32%
Sequentially, the loss of Ola Electric dropped 16% from ₹416 crore in March quarter of 2024, while revenue slipped by 2.9% from ₹1,598 crore in Q4 FY24.
Ola Electric shares hit 20% upper circuit for 2nd session; m-cap rises by nearly ₹15,000 cr
The auto stock has risen 44% in two sessions against its IPO price of ₹76, while its m-cap has surged by ₹14,737 crore to ₹48,259 crore.
Ola Electric's 20% rally on IPO debut makes investors richer by ₹6,704 cr
Ola’s co-founder and CEO Bhavish Aggarwal, who owns 1,32,39,60,029 shares in the company, is now worth ₹12,074.5 crore.
Ola Electric makes muted debut; shares list flat at ₹76
Post listing, shares of Ola Electric rose as much as 4.82% to ₹79.66, while the market capitalisation climbed to ₹35,137 crore.
Ola Electric IPO: EV maker raises ₹2,763 cr from anchor investors; issue opens today
Ahead of the opening of the IPO, Ola Electric's share price was trading at a premium of ₹13 in the grey market
Commercial production at cell gigafactory early next year: Bhavish Aggarwal
Ola Electric has secured the biggest 20 GWh (gigawatt hour) allocation under the PLI scheme. The company plans to build this capacity in phases.
Ola Electric sets IPO price band at ₹72-76 per share; issue to open on Aug 2
At the upper end of the IPO price band, the EV company looks to raise ₹6,146 cr, comprising a fresh issue of ₹5,500 cr and an OFS of ₹645.96 cr.
