Ola Electric shares tumble over 7%; hit 52-week low
4 days, 8 hours ago

Ola Electric shares tumble over 7%; hit 52-week low

The Hindu  

Shares of Ola Electric Mobility Limited tanked over 7% on Monday morning after the firm said its vehicle registration service provider Rosmerta Digital Services Limited has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Private Limited. Rosmerta Digital Services Limited, an operational creditor of Ola Electric Technologies Private Limited.” The petition has been submitted before the National Company Law Tribunal’s Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor and seeking initiation of the corporate insolvency resolution process against Ola Electric Technologies Private Limited, it added. The company has sought appropriate legal advice and it strongly disputes the claims made, Ola Electric Mobility said, adding it would “take all necessary and appropriate steps to protect its interests and object to the allegations in the aforesaid matter”. The insolvency proceedings come at a time when Ola Electric Mobility is cutting around 1,000 jobs across different functions as part of a restructuring exercise to reduce losses.

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History of this topic

Ola Electric under scrutiny over mismatching sales and registration data: Report
1 day, 4 hours ago

Ola Electric under scrutiny over mismatching sales and registration data: Report

Hindustan Times  

Ola Electric is currently facing increased regulatory scrutiny with the Ministry of Heavy Industries seeking details about discrepancies between the its reported sales and actual vehicle registrations. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, August 15, 2023. As part of the probe, Maharashtra RTO officials inspected multiple …

Explained: Why Ola Electric shares gained 14% today after hitting record low
3 days, 16 hours ago

Explained: Why Ola Electric shares gained 14% today after hitting record low

India Today  

Ola Electric shares jumped nearly 14% today after hitting a record low in the last session. Ola Electric had dropped in the previous session after Rosmerta Digital Services filed an insolvency petition against the company, accusing it of not paying for services. Kranthi Bathini, director of equity strategy at WealthMills Securities, said, "Ola Electric has been in a downtrend post …

Ola Electric shares hit 52-week low after insolvency petition by creditor
4 days, 8 hours ago

Ola Electric shares hit 52-week low after insolvency petition by creditor

Hindustan Times  

Shares of Ola Electric Mobility Ltd tanked over 7 per cent on Monday morning after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state …

Ola Electric share price drops 6% amid insolvency proceedings against subsidiary by Rosmerta Digital Services
Trending News
4 days, 12 hours ago

Ola Electric share price drops 6% amid insolvency proceedings against subsidiary by Rosmerta Digital Services

Live Mint  

Ola Electric share price slumped almost 6% during Monday's trading session after Rosmerta Digital Services Ltd, its vehicle registration service provider, announced on Saturday that it intends to initiate insolvency proceedings against Ola's wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd. Rosmerta Digital Services Ltd, which is an operational creditor of Ola Electric Technologies Pvt Ltd, has filed a petition under …

Ola Electric share price falls below Rs 50 after insolvency petition. What next?
Top News
4 days, 16 hours ago

Ola Electric share price falls below Rs 50 after insolvency petition. What next?

India Today  

Ola Electric shares tumbled nearly 7% on Monday, sinking below Rs 50 for the first time. The slump came after the company revealed that an insolvency petition had been filed against its subsidiary, Ola Electric Technologies. Ola Electric issued a statement to stock exchanges, saying: "We wish to inform you that a petition has been filed under Section 9 of …

Rosmerta Digital files insolvency plea against Ola Electric. All you need to know
4 days, 16 hours ago

Rosmerta Digital files insolvency plea against Ola Electric. All you need to know

India Today  

Ola Electric shares dropped sharply on Monday, falling nearly 7% in early trade. The petition was submitted by Rosmerta Digital Services, an operational creditor, to the National Company Law Tribunal in Bengaluru. The creditor alleged that Ola Electric had defaulted on payments for services and requested the initiation of the Corporate Insolvency Resolution Process. Rosmerta Digital Services Limited, an Operational …

Ola Electric share price falls over 7%: Should you sell, buy or hold?
4 days, 16 hours ago

Ola Electric share price falls over 7%: Should you sell, buy or hold?

India Today  

Ola Electric shares tanked over 7% on Monday, hitting a 52-week low and sinking below Rs 50 for the first time. The fall came after the company disclosed that an insolvency petition had been filed against its subsidiary, Ola Electric Technologies. The National Company Law Tribunal in Bengaluru received a petition from M/s Rosmerta Digital Services, an operational creditor, accusing …

Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
5 days, 4 hours ago

Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues

Live Mint  

-- A unit of Ola Electric Mobility Ltd. is facing insolvency petitions from two of its key vehicle registration service providers in India over unpaid dues, adding to the EV maker’s mounting troubles. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively — have separately filed insolvency pleas against closely held Ola Electric Technologies …

Bhavish Aggarwal’s Ola Electric unit faces insolvency petitions over unpaid dues | Details
5 days, 8 hours ago

Bhavish Aggarwal’s Ola Electric unit faces insolvency petitions over unpaid dues | Details

Hindustan Times  

A unit of billionaire Bhavish Aggarwal's Ola Electric Mobility is facing two insolvency pleas from vehicle registration service providers over unpaid dues, Bloomberg reported. Vehicle registration services provider Rosmerta Digital Services and high-security registration plates provider Rosmerta Safety Systems have separately filed insolvency petitions against Ola Electric Mobility's closely held unit, Ola Electric Technologies. The SoftBank Group-backed company informed exchanges …

Rosmerta Digital seeks initiation of insolvency proceedings against Ola Electric's subsidiary
5 days, 10 hours ago

Rosmerta Digital seeks initiation of insolvency proceedings against Ola Electric's subsidiary

The Hindu  

Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd. Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd." The petition has been submitted before the National Company Law Tribunal's Bengaluru Bench, alleging …

Ola Electric’s scooter deliveries hit as it renegotiates contracts with vehicle registration agencies to cut costs
1 week ago

Ola Electric’s scooter deliveries hit as it renegotiates contracts with vehicle registration agencies to cut costs

Live Mint  

Ola Electric Mobility Ltd’s decision to renegotiate contracts with two of India’s largest vehicle registration agencies last month has resulted in prolonged delays in the deliveries of its scooters, according to store managers and complaints posted by buyers on social media. The waiting period for the company’s electric scooters increased to 20-45 days from 5-7 days before February, managers at …

Ola Electric claims cost reduction program will save ₹90 crore a month, achieve EBITDA break even for next quarter
1 week, 2 days ago

Ola Electric claims cost reduction program will save ₹90 crore a month, achieve EBITDA break even for next quarter

Hindustan Times  

Ola Electric announced on Wednesday that it has successfully finished implementing a company-wide cost cutting program, resulting in savings of ₹90 crore a month. One of the Ola Electric employees seen at the EV maker's assembly line at its facility Futurefactory near Chennai, developing the S1 and S1 Pro electric scooters. Dubbed the Network Transformation and Opex Reduction Program, its …

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives
2 weeks, 1 day ago

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

The Hindu  

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle manufacturer in India to receive incentives under the Production Linked Incentive Scheme for Automotive and Auto Component. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of …

Ola Electric misses battery production deadline despite PLI ACC scheme support; Stock down 6.8% in last five sessions
Trending News
2 weeks, 3 days ago

Ola Electric misses battery production deadline despite PLI ACC scheme support; Stock down 6.8% in last five sessions

Live Mint  

The Bhavish Aggarwal-led electric vehicle maker Ola Electric Mobility Limited announced on Tuesday, March 4, that it had missed the deadline for the “Programme Agreement” between the Ministry of Heavy Industries and a wholly-owned subsidiary of the automaker. Ola Electric will be the first to commercially manufacture lithium-ion cells in India under the government's ACC PLI scheme, the spokesperson added. …

Ola Electric to lay off 1,000 to control losses: Report
2 weeks, 4 days ago

Ola Electric to lay off 1,000 to control losses: Report

Hindustan Times  

Ola Electric Mobility Ltd is laying off more than a thousand employees and contract workers, reports Bloomberg. Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's initial public offering, in Mumbai. Ola is also automating parts of its customer relations operations and the layoff plans may even change over time as per business needs. Though …

Ola Electric shares crash 5% to 52-week low amid reports of over 1,000 job cuts by company
2 weeks, 4 days ago

Ola Electric shares crash 5% to 52-week low amid reports of over 1,000 job cuts by company

Live Mint  

Shares of two-wheeler electric vehicle manufacturer Ola Electric crashed 5% to a fresh 52-week low on Monday, March 3, amid reports that Bhavish Aggarwal-led company is looking to lay off over a thousand employees and contract workers to contain losses. This would be the second round of job cuts in under five months by Ola Eletric, which reportedly laid off …

Explained: Why Ola Electric shares fell over 5% to hit 52-week low today
Top News
2 weeks, 4 days ago

Explained: Why Ola Electric shares fell over 5% to hit 52-week low today

India Today  

Ola Electric Mobility shares took a beating on Monday, sinking over 5% to a new record low. The latest fall comes after a report claimed that Ola Electric is gearing up to fire 1,000 employees to cut down on losses. The news pushed Ola Electric’s stock down to its 52-week low of Rs 54. Ola Electric is also trying to …

Ola Electric to lay off over a thousand employees amid declining sales
2 weeks, 4 days ago

Ola Electric to lay off over a thousand employees amid declining sales

New Indian Express  

MUMBAI: Electric two-wheeler manufacturer Ola Electric is laying off over a thousand employees and contract workers as part of a cost-cutting measure to address mounting losses. When contacted, an Ola Electric spokesperson said, “We have restructured and automated our front-end operations, delivering improved margins, reduced costs, and enhanced customer experience while eliminating redundant roles for better productivity.” In November last …

Ola Electric likely to cut over 1,000 jobs amid rising losses: Report
Top News
2 weeks, 4 days ago

Ola Electric likely to cut over 1,000 jobs amid rising losses: Report

India Today  

Ola Electric Mobility Ltd is planning to lay off over 1,000 employees and contract workers as the company looks to reduce its growing losses, according to a report by Bloomberg. LOSSES AND MARKET CHALLENGES Ola Electric went public in August 2023 but has faced multiple challenges since then. On March 1, Ola Electric informed Indian stock exchanges that it had …

Ola Electric Mobility share price hits 52-week low after THIS Vahan portal registration update
1 month ago

Ola Electric Mobility share price hits 52-week low after THIS Vahan portal registration update

Live Mint  

Stock Market Today: Ola Electric Mobility share price hits 52-week low during the morning trades on Wednesday. The same was after the Vahan portal registration update Ola Electric Mobility share price movement Ola Electric Mobility share price opened at ₹59.34 on the BSE on Wednesday, lower than the previous days close of ₹60.34. The Ola Electric Mobility share price thereafter …

Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal
1 month, 2 weeks ago

Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal

Live Mint  

New Delhi: Homegrown electric two-wheeler maker Ola Electric will need to consistently sell 50,000 units every month in order to achieve profitability, its founder and chief executive officer Bhavish Aggarwal said on Friday. Speaking at an analyst call after the company’s December quarter earnings, Aggarwal said that Ola Electric sold 25,000 units in January, with which he claimed that the …

Ola Electric Q3 Results: Net loss widens to ₹564 crore, revenue drops 19% YoY
1 month, 2 weeks ago

Ola Electric Q3 Results: Net loss widens to ₹564 crore, revenue drops 19% YoY

Live Mint  

Ola Electric Q3 Results: Electric two-wheeler maker Ola Electric Mobility on Friday reported a net loss of ₹564 crore for the third quarter of FY25. In the quarter ended September 2024, Ola Electric Mobility posted a net loss of ₹495 crore. In January, we’re back to market leadership with an expected gross margin of approx 26%, up from 20.4% in …

Ola Electric stock bounces back with 4.5% gain after 3-day slump, still down 15% in January
Trending News
2 months, 1 week ago

Ola Electric stock bounces back with 4.5% gain after 3-day slump, still down 15% in January

Live Mint  

Shares of Ola Electric Mobility, India's leading two-wheeler electric vehicle manufacturer, staged a strong rebound in trade on Tuesday, January 14, ending their three-day losing streak. Ola Electric share price opened today’s session at ₹71.50 apiece and continued to surge, reaching a day’s high of ₹73.46—a 4.61% gain compared to the previous closing price of ₹70.18. In a letter shared …

SEBI warns Ola Electric for disclosure lapses
2 months, 1 week ago

SEBI warns Ola Electric for disclosure lapses

The Hindu  

India's markets regulator has warned Ola Electric against sharing company-related information on social media before disclosing it to investors, adding to a slew of problems for the electric two-wheeler maker. The letter from the Securities and Exchange Board of India, disclosed by Ola Electric late on Tuesday, said that the company had failed provide "equal and timely access" to its …

SEBI warns Ola Electric on disclosure norms violations
2 months, 1 week ago

SEBI warns Ola Electric on disclosure norms violations

New Indian Express  

MUMBAI: The markets regulator SEBI has issued an administrative warning to electric two-wheeler maker Ola Electric Mobility for violating disclosure norms. Following the news Ola Electric shares tanked 4 per cent to Rs 76.14 but later recovered and closed flat at Rs 79.54. The SEBI warning came Wednesday after Bhavish Aggarwal, the chairman and managing director of the firm, had …

Ola Electric share price tumbles 3% after resignation of top officials
2 months, 3 weeks ago

Ola Electric share price tumbles 3% after resignation of top officials

Live Mint  

Ola Electric Mobility share price fell over 3 per cent to ₹87.35 during the early trading session on Monday, December 30 after the resignation of Chief Marketing Officer Anshul Khandelwal and Chief Technology and Product Officer Suvonil Chatterjee. Ola Electric Mobility announced the resignation of its CTO and CMO, effective immediately, from Friday, December 27. “We hereby inform you that …

Ola Electric Mobility share price rises 5% as firm expands network to 4,000 stores
2 months, 3 weeks ago

Ola Electric Mobility share price rises 5% as firm expands network to 4,000 stores

Live Mint  

Ola Electric Mobility share price rose by 5% in morning trade on Thursday, December 26, following the company's announcement of a major expansion to 4,000 stores. Four-fold increase in Ola's network Ola Electric highlighted that it has opened more than 3,200 new stores co-located with service centres, making it India’s largest EV expansion in one go. The expansion by Ola …

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
3 months, 2 weeks ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint  

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Explained: Why Ola Electric share price jumped after falling 5% in early trade
3 months, 2 weeks ago

Explained: Why Ola Electric share price jumped after falling 5% in early trade

India Today  

Shares of Ola Electric have recovered sharply after tumbling 5.5% in early trade on Monday, following a sharp 33% drop in November sales to 27,746 units. However, shares of Ola Electric witnessed a sharp recovery at around 11:11 am, trading 3.01% higher at Rs 90.05. Despite the drop in sales, Ola retained its leadership with a 25.09% market share in …

Ola Electric share price jumps over 6% after key update from CEO
3 months, 2 weeks ago

Ola Electric share price jumps over 6% after key update from CEO

India Today  

Shares of Ola Electric surged over 6% on December 2 after CEO Bhavish Aggarwal announced a major expansion plan for the company’s retail presence. At 2:11 pm on December 2, Ola Electric's stock had gained 6.27%, trading at Rs 92.90 per share, with a day high of Rs 93.7. The surge in shares follows a 30% rally over recent trading …

Ola Electric stock extends gains to 5th straight day, jumps another 6% to 7-week high
3 months, 3 weeks ago

Ola Electric stock extends gains to 5th straight day, jumps another 6% to 7-week high

Live Mint  

Stock Market Today: Ola Electric share price continued its winning streak for the fifth consecutive session, rising another 6.24% in morning trade on Thursday, November 28, to a seven-week high of ₹93.60 apiece. In another positive development, global brokerage firm Citi Research initiated coverage on Ola Electric stock with a ‘buy’ rating and a target price of ₹90 per share. …

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?
3 months, 3 weeks ago

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?

India Today  

Ola Electric Mobility Ltd extended its rally on Thursday, with shares rising over 6% to hit a high of Rs 93.60 in early trade. The brokerage had initiated coverage with a 'Buy' rating, citing Ola Electric’s dominance in the Indian electric two-wheeler market and its long-term growth potential. Citi highlighted Ola Electric’s leadership position with a 38% market share in …

Explained: Ola Electric share price jumped 13% today
Trending News
3 months, 3 weeks ago

Explained: Ola Electric share price jumped 13% today

India Today  

Shares of Ola Electric Mobility surged on Wednesday, climbing as much as 13% in intraday trading following the announcement of its new range of electric scooters. On November 26, Ola Electric announced the launch of four new electric scooters: Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+, priced at Rs 39,999, Rs 49,999, Rs 59,999, and Rs …

Ola Electric share price jumps 18%: Should you buy now or wait?
Top News
3 months, 3 weeks ago

Ola Electric share price jumps 18%: Should you buy now or wait?

India Today  

Shares of Ola Electric Mobility Ltd surged nearly 18% on Wednesday, touching an intraday high of Rs 87.90 before settling at Rs 86.15, a gain of 17.26%. OLA ELECTRIC STOCKS GAIN TODAY The rally in Ola Electric shares followed the company’s announcement of its new electric scooter lineup, which aims to make EVs more accessible across various segments. The newly …

Ola Electric layoffs: Here's why Bhavish Aggarwal-led company is set to cut 500 job
3 months, 3 weeks ago

Ola Electric layoffs: Here's why Bhavish Aggarwal-led company is set to cut 500 job

Firstpost  

This development comes amid heightened scrutiny over Ola Electric’s after-sales service quality and safety issues that have been plaguing the products of the two-wheeler manufacturer Ola’s sales volumes dropped by almost 25 per cent in the first half of this fiscal year — down to around 483,000 units from 643,000 units a year earlier. File image Bhavish Aggarwal-led Ola Electric …

Ola Electric may lay off 500 workers as company faces financial challenges: Report
3 months, 3 weeks ago

Ola Electric may lay off 500 workers as company faces financial challenges: Report

Hindustan Times  

Ola Electric Mobility Limited is now planning to lay off more than 500 employees across various roles as part of a new restructuring exercise to try to become profitable, Moneycontrol reported citing unnamed sources. Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering, in Mumbai HT couldn't independently verify the information. …

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring
3 months, 3 weeks ago

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring

India Today  

Ola Electric is reportedly preparing for a restructuring drive that could impact over 500 employees, representing more than 12% of its 4,000-strong workforce, reported Business Standard. In its first post-IPO financial results for Q2 FY25, Ola Electric reported a 38.5% year-on-year revenue growth to Rs 1,240 crore, primarily driven by a 73.6% increase in deliveries. Ola Electric’s network of 782 …

Ola Electric laying off 500 employees in restructuring move
Trending News
4 months ago

Ola Electric laying off 500 employees in restructuring move

Live Mint  

Electric two-wheeler maker Ola Electric is set to let go of nearly 500 employees across teams as part of a restructuring exercise to improve margins and profitability prospects, a person in the know of the matter told Mint. The development comes months after Ola Electric’s sister company Ola Consumer, formerly Ola Cabs, announced a restructuring exercise in April that would …

Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report
4 months ago

Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report

ABP News  

Ola Electric Layoffs: Ola Electric is reportedly planning to start a restructuring initiative that will impact over 500 employees across various roles within the organisation. This development comes seven months after Ola Electric’s sister company, Ola Consumer, announced plans for a restructuring that would impact at least 10 per cent of its staff. Earlier this month, Ola Electric released its …

More trouble for Ola Electric, faces investigation over service standards: Report
Trending News
4 months, 1 week ago

More trouble for Ola Electric, faces investigation over service standards: Report

India Today  

The country's leading certification agency, the Bureau of Indian Standards, is set to investigate Ola Electric over alleged deficiencies in service standards and product quality, according to Consumer Affairs Secretary Nidhi Khare. In October, the CCPA requested Ola Electric to explain why it had received nearly 10,000 complaints from customers. The rising volume of complaints has brought regulatory scrutiny upon …

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y
4 months, 1 week ago

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y

Live Mint  

Electric two-wheeler maker Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter on Friday, November 8. The loss narrowed from ₹524 crore a year earlier, but widened over ₹347 crore in the June 2024 quarter. In an earnings call with investors after the results, Ola Electric CEO Bhavish Aggarwal said the company was …

Ola Electric share price drops over 5% as anchor investors’ 90 day lock-in period ends
4 months, 2 weeks ago

Ola Electric share price drops over 5% as anchor investors’ 90 day lock-in period ends

Live Mint  

Ola Electric share price declined over 5% in early trade on Tuesday as the anchor lock-in period of three months, or 90 days, ended today. The anchor lock-in period for 50% of Ola Electric Mobility shares, around 18.18 crore or 4% of the company’s outstanding shares, ended on Tuesday, November 5. The end of the three months’ anchor lock-in period …

Ola Electric Mobility losses widen to ₹347 crore in Q1 2024-25
7 months, 1 week ago

Ola Electric Mobility losses widen to ₹347 crore in Q1 2024-25

Hindustan Times  

Ola Electric Mobility on Wednesday reported a higher consolidated loss of ₹347 crore for the April-June quarter compared to the year-ago period. Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, speaks during a press conference ahead of the company's IPO launch in Mumbai. The quarter witnessed the highest-ever deliveries of vehicles by the company at 1,25,198 units …

Stock market news: Ola Electric share price jumps 70% within three days of stock listing. More steam left?
7 months, 1 week ago

Stock market news: Ola Electric share price jumps 70% within three days of stock listing. More steam left?

Live Mint  

Stock market news: Ola Electric share price has been ascending continuously after listing on Dalal Street on Friday last week. Though Ola Electric share price had a flat listing, the stock has witnessed strong buying since listing. Ola Electric share price today opened upside and touched an intraday high of ₹129.40 apiece on the NSE, registering around a 70 percent …

Ola Electric Mobility IPO: Shares Make Flat Debut At Rs 76, Surge 11% Post-Listing
7 months, 1 week ago

Ola Electric Mobility IPO: Shares Make Flat Debut At Rs 76, Surge 11% Post-Listing

ABP News  

Ola Electric IPO: Shares of Ola Electric Mobility Ltd made their stock market debut on a flat note on Friday, with the stock listing marginally lower than its issue price of Rs 76. Ola Electric's Rs 6,145-crore Initial Public Offering was highly successful, with the offer being oversubscribed 4.27 times on the final day of bidding. The IPO, the first …

Ola Electric Mobility IPO Oversubscribed On Final Day. Check Subscription Rate And More
7 months, 2 weeks ago

Ola Electric Mobility IPO Oversubscribed On Final Day. Check Subscription Rate And More

ABP News  

Ola Electric IPO: The Rs 6,146-crore IPO of Ola Electric Mobility received a strong response from investors, achieving a subscription rate of 4.26 times the shares on offer on the last day of bidding. The electric vehicle manufacturer allocated Rs 5.5 crore worth of shares to its employees, who will receive these at a discount of Rs 7 per share …

Ola Electric may set valuation at around $4.5 billion for IPO: Report
8 months ago

Ola Electric may set valuation at around $4.5 billion for IPO: Report

Hindustan Times  

Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering, it was reported. Ola Electric IPO: Ola Electric received official approval from market regulator Securities Exchange Board of India for its initial public offering. Earlier it was reported that Ola Electric received official approval from market regulator Securities Exchange Board of India …

Ola Electric faces investor pushback on IPO valuation: Report
8 months, 3 weeks ago

Ola Electric faces investor pushback on IPO valuation: Report

Hindustan Times  

Ola Electric Mobility, India’s largest electric scooter maker, is facing investor pushback on its targeted valuation for its upcoming IPO, people familiar with the matter told Bloomberg. At this rate, Ola Electric’s current investors may opt not to sell existing shares in the company, the people told Bloomberg. The background Backed by SoftBank Group Corp. and Tiger Global Management, Ola …

Ola electric to raise Rs.7,250 crore IPO, receives SEBI approval
9 months, 1 week ago

Ola electric to raise Rs.7,250 crore IPO, receives SEBI approval

Hindustan Times  

Electric vehicle maker, Ola Electric has received approval from SEBI for a Rs.7,250 crore IPO, according to sources who did not wish to be named, Moneycontrol reported. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu Ola Electric was the first-ever Indian EV two-wheeler maker to file for an …

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