The IPO of Ola Electric opened for subscription on Friday and got a good response from investors on the first day. So far, the IPO is 35% booked and will close on August 6. Here’s what some top brokerages have to say about this year’s biggest IPO:
Geojit Financial
They believe Ola Electric is in a good position to benefit from government support and a scalable business model. While there are concerns about profits and valuations, they suggest high-risk investors with a long-term view should subscribe.
Anand Rathi
They see a lot of growth potential for Ola Electric due to favorable market conditions, supportive regulations, and better use of the Ola Future Factory each year. They recommend long-term investors subscribe.
Incred Equities
Incred is positive about the IPO but warns that policy changes, delays in the EV cell plant, and frequent stock sales by private equity might limit price gains.
LKP Securities
They think Ola, being the only pure two-wheeler electric vehicle maker, has a unique position. They recommend subscribing with a long-term perspective but advise caution due to demand fluctuations and potential losses.
BP Wealth
Given the positive outlook for the EV market, supportive regulations, and new model announcements, they recommend subscribing for medium- to long-term investors.
Canara Bank Securities
They believe Ola Electric is well-placed to take advantage of the EV market due to its integrated approach, focus on technology, and government incentives. They recommend subscribing.
Swastika Investmart
They note that while Ola’s revenue has been growing, losses are still an issue. They take a neutral stance on the IPO for now.
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