Ola Electric's shares, which listed at Rs 76, quickly jumped 15% to Rs 87.43 despite a muted IPO debut. The Rs 6,146 crore IPO, closing on August 6, was subscribed just 4.26 times, below expectations.
While the company saw revenue growth to Rs 5,009.8 crore in 2024, its losses also increased to Rs 1,584.4 crore. Experts advise only risk-takers to hold the stock for 2-3 years, given the company's ongoing losses and a competitive EV market. Investors are cautious about the company's financial health and future profitability.