• Source:JND
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Ola Electric Share Price: After rising 71% in three days, Ola Electric Mobility shares fell on Wednesday as it declined 5% to Rs 102 on the Bombay Stock Exchange. The stock is experiencing selling pressure before the June 2024 quarter results, which are scheduled today. Ola Electric Mobility was listed on the stock market on Friday, August 9. The company's IPO price band was Rs 76 per share.

Ola Electric shares jumped 71% against the issue price.

Ola Electric Mobility shares were listed on the market at the issue price of Rs 76. After listing, the company's shares saw a healthy increase, reaching Rs 91.18 with an upper circuit of 20%. On Tuesday, the company's shares hit an upper circuit of 20% and reached Rs 130. This is the company's share's 52-week high level. Ola Electric shares' 52-week low level is Rs 75.99.

The company is to unveil its first electric motorcycle on August 15

Ola Electric Mobility will unveil its first electric motorcycle on Thursday, August 15, which will be showcased at its flagship event 'Sankalp 2024'. Ola Electric's IPO opened for subscription on August 2, 2024, and remained open till August 6. Ola Electric Mobility's IPO was subscribed a total of 4.45 times.

The company's IPO retail investors quota was subscribed 4.05 times. The quota for employees was also subscribed 12.38 times. In the IPO, non-institutional investors placed bets 2.51 times. The total size of Ola Electric Mobility's public issue was Rs 6145.56 crore. Retail investors could place bids for a minimum of 1 lot and a maximum of 13 lots in the company's IPO. One lot of the IPO consisted of 195 shares.

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