Ola Electric Mobility and Brainbees Solutions boost India's IPO market

The first 'pure-play' electric vehicle manufacturer to IPO on the Indian market is the largest listing this year in the country, while baby-product firm Brainbees Solutions has also listed; both have seen their shares soar on debut.

Andrew Tjaardstra

August 13, 2024

Bangalore-based Ola Electric Mobility (Ola Electric) shares made their market debut on August 9 and have soared over 40% since their first day of trading to above INR109 ($1.3) per share compared to its listing price of INR76. The shares have now twice hit market "circuit breakers" of a maximum daily 20% share rise.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.