Since its IPO on August 9, 2024, Ola Electric has seen remarkable performance, with its share price surging by 66% from the issue price of ₹76 to ₹126.21 as of August 23. This strong performance is reflected in its market capitalization, which reached ₹55,669 crore.
Source:- BBC news
In comparison, other newly-listed IPOs in August 2024 have had varied outcomes. Akums Drugs & Pharmaceuticals, for instance, saw a 30% increase in its stock price from its issue price, while Brainbees Solutions experienced only a modest 2% gain after an initial jump. Ceigall India and Unicommerce eSolutions faced slight declines in their share prices, while Saraswati Saree Depot saw a 10% drop since its listing(
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Source:-Business Today
Overall, Ola Electric stands out as one of the best-performing IPOs in this period, outpacing many other newly-listed companies.
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