Ola Electric Mobility’s shares have indeed seen impressive gains, with the stock reaching Rs 109.44, marking a 44% increase from its IPO issue price of Rs 76 .
The IPO, held from August 2 to August 6, was highly successful, being oversubscribed 4.27 times and raising Rs 6,145.56 crore.
Impressive gains: The shares have rallied by 58% in just three days, hitting an upper circuit limit of 20% for two consecutive days.
Trading volume: The high trading volume of 15 crore shares on August 13 indicates significant investor interest.
Market capitalization: The company’s market capitalization has exceeded ₹48250 crore.