Post-listing, Ola Electric shares surged by as much as 20%, hitting the upper circuit at ₹91.18 per share, reflecting a strong market response. This performance aligns with the Grey Market Premium (GMP) predictions, which had suggested an estimated listing price around ₹92.50.
The IPO received a subscription rate of 4.45 times, indicating robust demand despite the company’s current financial challenges and competitive market landscape. Experts advise caution, noting the potential for short-term volatility. Investors are encouraged to consider the long-term growth prospects of Ola Electric while being mindful of the risks.
For more detailed analysis and ongoing updates, follow the latest market news on leading financial platforms.
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