Bhavish Aggarwal's Ola Electric stake crosses ₹20,000-crore worth as stock doubles since IPO listing

Since Aggarwal owned 1,32,39,60,029 shares in Ola Electric following the IPO, the value of his stake reached ₹20,839 crore, based on the surge of ₹157.4 per share recorded on the NSE in early trade.

However, Ola Electric retreated swiftly as trading progressed. The stock not only pared the gains of early trade, but was in the red during the afternoon trading. At 12:06 pm, the scrip was valued at ₹137.67, down 5.95%

Stock zooms post IPO

Shares of the electric two-wheeler company made their market debut on August 9. From the issue price of ₹76, the stock jumped by more than 100% as it clocked a high of ₹157.4 after opening bell today.

The sharp growth has been recorded by Ola Electric in only seven trading sessions since making its debut on the bouses. The company's market valuation has crossed ₹60,000 crore.

Since its listing, Ola Electric has been regularly hitting the upper circuits. On Monday, the stock surged 10% to ₹146.03 -- its upper circuit limit -- on the BSE. At the NSE, it soared 9.99% to hit the upper circuit of ₹146.38.

On Friday, shares of Ola Electric had surged 20% to hit the upper circuit limit after the Ola Group announced its foray into the electric motorcycle segment with the launch of three models and two more in the pipeline.

The company also reported a 32% jump in revenue from operations for the April-June quarter of 2024-25 to ₹1,644 crore, as against ₹1,243 crore a year back.