Ola Electric Shares Surge in Mumbai Debut

Shares of Ola Electric Mobility Ltd., India`s top e-scooter manufacturer, saw an 11% increase during their Mumbai debut. Supported by investors like SoftBank and Tiger Global, the company raised approximately $733 million, making it India`s largest IPO since 2022. While this contributes to a strong period for Indian IPOs, Ola`s $4 billion valuation at its IPO price is lower than initially anticipated.