{"id":111760,"date":"2024-08-10T08:26:38","date_gmt":"2024-08-10T08:26:38","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/10\/ola-electrifies-dalal-st-with-20-jump-on-debut-times-of-india\/"},"modified":"2024-08-10T08:26:38","modified_gmt":"2024-08-10T08:26:38","slug":"ola-electrifies-dalal-st-with-20-jump-on-debut-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/10\/ola-electrifies-dalal-st-with-20-jump-on-debut-times-of-india\/","title":{"rendered":"Ola Electrifies Dalal St with 20% jump on debut &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"305\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/thumb\/imgsize-23456,msid-112415908,width-600,resizemode-4\/112415908.jpg?fit=600,305&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Ola Electrifies Dalal St with 20% jump on debut &#8211; Times of India\" title=\"Ola Electrifies Dalal St with 20% jump on debut &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>MUMBAI: After a muted start, <!-- -->Ola Electric<!-- --> Mobility <!-- -->shares<!-- --> surged to hit the maximum possible 20% upper circuit limit at Rs 91 on their first day of trading. The Rs 6,146-crore <!-- -->IPO<!-- --> for Ola Electric was the biggest in India in the last two years.<br \/>The strong closing that translated to a <!-- -->market<!-- --> capitalisation of a little over Rs 40,200 crore (nearly $4.8 billion) for the top Indian electric two-wheeler company left market players surprised.During the bidding process that was open from Aug 2 to 6, the stocks were offered at Rs 72-76 per share.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><\/div>\n<\/div>\n<p>According to dealers and market analysts, the non-institutional part in Ola Electric\u2019s IPO (the portion reversed for high networth <!-- -->investors<!-- -->) didn\u2019t see high subscription as was expected during the bidding period. Compared to smaller IPOs that get subscriptions from HNIs in double-digits, the Ola Electric issue was subscribed 2.4 times. For HNIs who look for <!-- -->listing<!-- --> gains, this low subscription figure increased the cost of application in the offer.<br \/>As the stock was listed on Friday morning, lots of HNIs rushed in to sell which initially depressed the price. After the initial bout of selling, long-term investors stepped in that in turn lifted the <!-- -->stock price<!-- --> to hit the upper circuit level and close at the same price, market players said.<br \/>\u201cThe performance of Ola aftert the listing has caught people by surprise. A 20% gain on listing has beaten all expectations and puts the stock on radar for the immediate future,\u201d Arun Kejriwal, director, KRIS, an investment advisory services firm.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The Rs 6,146-crore IPO for Ola Electric was the biggest in India in the last two years.The strong closing that translated to a market capitalisation of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":111761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/imgsize-23456,msid-112415908,width-600,resizemode-4\/112415908.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,47181,478,91825,273,6089,2799,1550,3432,1602,20463,20460,1253,91824,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/111760"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=111760"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/111760\/revisions"}],"predecessor-version":[{"id":111762,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/111760\/revisions\/111762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/111761"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=111760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=111760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=111760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}