URL copied to clipboard

Trending News

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.

Alice Blue Image

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.

Loading
Submit the form, and get to know how you scored!!!
Read More News

F&O Ban List

The F&O Ban List restricts trading in specific stocks when their market-wide position limit exceeds 95%, aiming to prevent excessive