Ola Electric Mobility IPO opens today: Should you subscribe to the issue?
Rs 6,145.56 crore-IPO of Ola Electric Mobility opens for bidding today as the EV maker is offering its shares in the range of Rs 72-76 apiece, with a lot size of 195 equity shares and its multiples.
- Aug 2, 2024,
- Updated Aug 2, 2024 11:10 AM IST
Ola Electric Mobility kicks-off its initial public offering (IPO) for bidding today, that is, Friday, August 2 and the three-day bidding will conclude on Tuesday, August 6. The electric vehicle (EV) maker is offering its shares in the price band of Rs 72-76 apiece, where investors can apply for a minimum of 195 shares and its multiples thereafter. Ola Electric is operating in the growing market which will shape the future of green transportation in the nation. Hence the demand is anticipated to rise for EV products from Bike to Battery Cells where the company expected to prove its stand with inclusive and 360 degree growth, said Kunvarji Wealth Solutions.
"We recommend 'susbcribe' to this IPO with the view of long-term investment as near term volatility is expected till bottom-line growth stabilizes. The debt burden of the company is likely to reduce gradually and expected to contain the bottom line from losses," it added.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Ola Electric Mobility kicks-off its initial public offering (IPO) for bidding today, that is, Friday, August 2 and the three-day bidding will conclude on Tuesday, August 6. The electric vehicle (EV) maker is offering its shares in the price band of Rs 72-76 apiece, where investors can apply for a minimum of 195 shares and its multiples thereafter. Ola Electric is operating in the growing market which will shape the future of green transportation in the nation. Hence the demand is anticipated to rise for EV products from Bike to Battery Cells where the company expected to prove its stand with inclusive and 360 degree growth, said Kunvarji Wealth Solutions.
"We recommend 'susbcribe' to this IPO with the view of long-term investment as near term volatility is expected till bottom-line growth stabilizes. The debt burden of the company is likely to reduce gradually and expected to contain the bottom line from losses," it added.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.