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Ola Electric Shares Dip 5.33% as Lock-in Ends, IPO Soars, and Battery Plans Unveiled

Ola Electric shares dropped 5.33% to ₹104.10 as the lock-in period ended. The company saw strong IPO subscription, rising revenue, and plans for battery integration in its vehicles by FY26.
Ola Electric Shares Dip 5.33% as Lock-in Ends, IPO Soars, and Battery Plans Unveiled

Ola Electric shares dropped by 5.33% to ₹104.10 on the BSE on Monday, September 9, as the company’s one-month share lock-in period ended. This allows around 18.18 crore shares, representing 4% of its total shares, to be traded.

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Ola Electric’s shares had a flat debut on August 9, listing at ₹76 per share on the NSE, which was the same as the issue price. Despite the slow start, the stock surged, reaching a high of ₹157.53 on August 20.

Ola Electric’s ₹6,145 crore IPO was subscribed 4.27 times. The IPO had a price band of ₹72 – ₹76 per share and included a fresh issue of ₹5,500 crore and an offer-for-sale of up to 8.49 crore shares. The company plans to use the funds for capacity expansion, research, and debt repayment.

In the April-June quarter of FY25, Ola Electric reported a revenue of ₹1,644 crore, a significant rise from ₹1,243 crore in the same quarter last year. Chairman and CEO Bhavish Aggarwal highlighted strong growth and profitability during this period.

Ola is also advancing its operations, rebranding its ride-hailing service as Ola Consumer and launching automated warehousing solutions. Its ‘Bharat 4680’ battery cell will be integrated into vehicles by early FY26.

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