Due to the stock’s flat listing price with the issue price, Ola Electric’s share price had a dull start on the Indian stock market today. In contrast to its issue price of ₹76 per share, Ola Electric shares were listed on the NSE for ₹76.
Ola Electric shares were listed for ₹75.99 per share on the BSE, with a 0.01% discount.
The IPO offering for Ola Electric performed somewhat better than anticipated. This is due to the Ola Electric IPO GMP today, or grey market premium today, being negative prior to the IPO listing, according to stock market experts. Ola Electric’s IPO GMP was (negative) -4%.
Ola Electric Mobility Ltd., a firm renowned for its aggressive expansion goals and technical objectives, is facing a hard market sentiment, as seen by its negative GMP of -3%, according to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.
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