Mobikwik, IKS, Ola, Hexaware from IPO index tank up to 15%, record new lows

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Mobikwik, IKS, Ola, Hexaware from IPO index tank up to 15%, record new lows - Business Standard

Quick Summary:

Thus far in the calendar year 2025, BSE IPO index has underperformed the market by falling 22 per cent, as compared to 5.4 per cent decline in the BSE Sensex.

Rosmerta Digital Services Limited, an operational creditor of Ola Electric Technologies Private Limited, a wholly owned subsidiary of the company.

With today’s decline, the market price of Ola has plunged 70 per cent from its 52-week high level of Rs 157.53 hit on August 20, 2024.