With this rise in share price, Aggarwal, who held 1,36,18,75,240 shares before the listing, saw his valuation soar to ₹12,420 crore (over $1.5 billion).
Bhavish Aggarwal’s Response Post-Listing
Taking to X (formerly Twitter), Bhavish Aggarwal expressed the significance of the moment, acknowledging the journey and hard work that led to making India one of the largest EV two-wheeler markets. He emphasized the responsibility that comes with this success, aiming to further the company’s aspirations and contribute to building the country of their dreams.
Ola Electric IPO and Market Valuation
The market valuation of Ola Electric stands at ₹40,226.7 crore. The ₹6,145-crore Ola Electric IPO was subscribed 4.27 times during the bidding period from August 2 to August 6. The initial share sale included a fresh issue of up to ₹5,500 crore and an Offer-for-Sale (OFS) of up to 8,49,41,997 equity shares. The Ola IPO had set a price band of ₹72-₹76 per share.
Key Information
- Ola Electric IPO share price: ₹72-₹76
- Ola Electric listing date: Recently listed with shares hitting the upper circuit on the NSE.
- Ola Electric share price NSE today: ₹91.2 apiece
- Ola share price target: Continued upward momentum expected based on current market performance.
- Ola Electric Mobility share price: Reflects strong investor interest post-listing.
- Ola Electric share price chart: Indicates a 20% surge following the IPO listing.
Ola Electric has made a significant impact in the Indian stock market, becoming the first electric vehicle manufacturer to launch a public offer, and has set the stage for continued growth in the electric mobility sector.
