Ola Electric Share Price Live Updates: Ola Electric shares make a muted debut as stock lists flat at ₹76 on NSE

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₹76 apiece on the NSE as against its issue price of ₹76 per share.On BSE, Ola Electric shares were listed with a discount of 0.01% at ₹75.99 apiece.Ola Electric Share Price Live: On the financial front, Ola Electric Mobility’s revenue grew from ₹456.2 crore to ₹5,243.2 crore between FY22 and FY24, while net loss widened from ₹784.14 crore to ₹1,584.4 crore during the same period. Ola Electric Mobility Ltd., a pioneer in the Indian EV space, is set to test investor appetite with its upcoming IPO.

The company, known for its aggressive expansion plans and technological ambitions, faces a challenging market sentiment reflected in a negative GMP of -3%. This underwhelming response follows a moderate subscription of 4.45 times, indicating tepid investor enthusiasm, said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.Ola Electric's vision to become a global EV leader, backed by significant investments in R&D and manufacturing, is commendable.

However, the company's current financial performance, marked by consistent losses, raises concerns. High competition, pricing pressures, and employee attrition further add to the challenges.

While the company's foray into the broader EV ecosystem, including batteries, holds promise, the path to profitability remains uncertain.Investors will be closely watching the IPO listing to gauge market sentiment towards Ola Electric's business model and valuation. Given the current market conditions and the company's financial performance, a subdued listing is anticipated, Nyati added.Ola Electric Share Price Live: Ola Electric shares are trading at a discounted price in the unlisted market ahead of listing later today.