{"id":61356,"date":"2024-08-09T13:44:31","date_gmt":"2024-08-09T13:44:31","guid":{"rendered":"https:\/\/efimarkets.com\/blog\/?p=61356"},"modified":"2024-08-09T13:50:56","modified_gmt":"2024-08-09T13:50:56","slug":"ola-electric-shares-surged-20-after-listing-at-the-same-price-as-the-ipo","status":"publish","type":"post","link":"https:\/\/bhimmarkets.com\/blog\/ola-electric-shares-surged-20-after-listing-at-the-same-price-as-the-ipo\/","title":{"rendered":"Ola Electric shares surged 20% after listing at the same price as the IPO."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"61356\" class=\"elementor elementor-61356\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-483c2a4 e-con-boxed e-flex e-con\" data-id=\"483c2a4\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d088d3 elementor-widget elementor-widget-image\" data-id=\"1d088d3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.cnbctv18.com\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/efimarkets.com\/blog\/wp-content\/uploads\/2024\/08\/ola.png\" title=\"\" alt=\"Ola Electric shares surged\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-360ecd9 e-con-boxed e-flex e-con\" data-id=\"360ecd9\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab69b27 elementor-widget elementor-widget-text-editor\" data-id=\"ab69b27\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #000000;\"><a href=\"https:\/\/in.tradingview.com\/symbols\/TSX-OLA\/\">Ola Electric<\/a> shares surged made a modest entry into the stock market, with its shares listing at \u20b976 on the NSE, matching the issue price. Similarly, the stock began trading at \u20b975.99 on the BSE. Despite the quiet start, the stock hit a 20% upper circuit limit on August 9.<\/span><\/p>\n<h3><strong>Ola Electric Shares Surged<\/strong><\/h3>\n<p><span style=\"color: #000000;\">Before the listing, Ola Electric shares were trading at a discount of \u20b93 in the unlisted market. This was seen as a reflection of cautious market sentiment and concerns over the company\u2019s financial health.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Expert Opinions on Market Sentiment<\/span><\/h3>\n<p><span style=\"color: #000000;\">Shivani Nyati of Swastika Investmart anticipated a subdued listing due to current market conditions and the company\u2019s financial performance.<\/span><\/p>\n<p><span style=\"color: #000000;\">Nyati emphasized that while Ola Electric\u2019s ambition to become a global EV leader is impressive, the company\u2019s ongoing financial losses are a significant concern. She also noted the challenges posed by high competition, pricing pressures, and employee attrition.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Listing Expectations and Recommendations<\/span><\/h3>\n<p><span style=\"color: #000000;\">Prashanth Tapse, Sr VP Research at Mehta Equities, predicted a flat to discounted listing, with the possibility of a 5% to 10% decrease from the issue price. He suggested that a discounted listing would be reasonable given the company\u2019s weak financials and potential for negative cash flows.<\/span><\/p>\n<p><span style=\"color: #000000;\">Tapse advised risk-taking investors to hold the stock for a minimum of 2-3 years and recommended accumulating shares on dips if the stock price falls below its IPO price.<\/span><\/p>\n<h3><span style=\"color: #000000;\">IPO Details and Fund Allocation<\/span><\/h3>\n<p><span style=\"color: #000000;\">Ola Electric\u2019s IPO was subscribed 4.27 times, receiving strong interest from institutional and retail investors. The company offered shares in a price band of \u20b972-76 per share, with a lot size of 195 shares. The IPO raised \u20b96,146 crore, including \u20b95,500 crore from a fresh share sale and an offer-for-sale (OFS) of up to 8.49 crore shares.<\/span><\/p>\n<p><span style=\"color: #000000;\">The company plans to allocate \u20b91,600 crore of the net proceeds to research and development. However, Ola Electric cautioned that the outcome of these investments might not meet expectations.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Company Overview and Financial Performance<\/span><\/h3>\n<p><span style=\"color: #000000;\">Ola Electric is a leading EV manufacturer in India, with integrated technology and manufacturing capabilities. The company has delivered seven products and announced four new ones. As of March 31, 2024, Ola Electric had 870 experience centers, 431 service centers, and an active online presence.<\/span><\/p>\n<p><span style=\"color: #000000;\">Despite its growth, the company remains loss-making, with a \u20b91,584 crore loss in FY 2024, up from \u20b91,472 crore in FY 2023.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Ola Electric shares surged made a modest entry into the stock market, with its shares listing at \u20b976 on the NSE, matching the issue price. Similarly, the stock began trading at \u20b975.99 on the BSE. Despite the quiet start, the stock hit a 20% upper circuit limit on August 9. Ola Electric Shares Surged Before &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/bhimmarkets.com\/blog\/ola-electric-shares-surged-20-after-listing-at-the-same-price-as-the-ipo\/\"> <span class=\"screen-reader-text\">Ola Electric shares surged 20% after listing at the same price as the IPO.<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[12,3],"tags":[15,20,14,5,34,43],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ola Electric shares surged 20%<\/title>\n<meta name=\"description\" content=\"Ola Electric shares surged 20% post-IPO listing at issue 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