Ola Electric Shares Jump Nearly 20% After Flat Listing

Ola Electric Shares Jump Nearly 20% After Flat Listing

SUMMARY

Shares of Ola Electric rallied as high as INR 91.18, up almost 20% from its listing price of INR 76, on the BSE

Its market cap stands at $4.72 Bn

The E2W maker’s public issue comprised a fresh issue of shares worth INR 5,500 Cr and an OFS component of 8.49 Cr shares and led the EV manufacturer to raise over INR 6,145.6 Cr in total

After making a flat debut on the bourses today (August 9), share prices of electric two wheeler maker Ola Electric rallied during intraday trading on its first trading session.

Shares of Ola Electric rallied as high as INR 91.18, up almost 20% from its listing price of INR 76, on the BSE. It is pertinent to note that the shares opened at INR 75.99 on its first trading session. The company’s market cap stands at $4.72 Bn (INR 39,675.41 Cr). 

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