The grey market premium (GMP) of Ola Electric IPO has been around Rs 15-16 or 20-21 per cent at the upper end of the IPO price for the last three days.
The Ola Electric IPO comprises 723,684,210 equity shares worth approximately Rs 5,500 crore and an offer for sale with the promoters and investors offloading 84,941,997 shares worth Rs 645.56 crore.
Hence, the demand for EV products, from bikes to battery cells, is anticipated to rise, where the company is expected to prove its stand with inclusive and 360-degree growth."We recommend subscribing to this IPO with a view of long-term investment, as near-term volatility is expected until bottom-line growth stabilises.
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