New Delhi. Ola, the country's largest two-wheeler e-mobility company, had released its IPO with great fanfare about 3 months ago. The company was confident that people would show the same interest in the IPO as they had accepted its scooter. When the company launched its IPO, investors were very excited, but today, exactly 90 days later, the price of the company's shares has fallen to even below the IPO rate.

Shares of Ola Electric fell by about 7 percent and the price fell to Rs 74. On August 2, 2024, Ola released its IPO for Rs 72-76. The company raised about Rs 6,145 crore from the market and launched 36.35 crore shares. Out of this, an investment of 2,763 was received only from anchor investors. Let us tell you that when Ola shares were listed in the market on August 9, their rate was Rs 76 per share.

More than 50 percent decline in two and a half months
Ola's shares made a huge jump after being listed in the market and in a few days its price became almost double the IPO rate. But, in the last two and a half months, its stock has been witnessing a continuous decline, due to which this stock has come down by more than 50 percent from its all-time high. After listing, the price of Ola's share reached Rs 157.53 on August 20, which closed at Rs 74.82 on October 29.

Why did the stock fall exactly after 90 days?
When Ola's IPO came, 50 percent of its shares were issued to anchor investors. This means that about 18 crore shares were with anchor investors, on which a lock-in period of 90 days is applicable. That is, before this period, anchor investors cannot put these shares in the market for trading. On November 4, the 90-day lock-in period ended for these investors and now they can sell their shares in the market for trading. This is the reason why Ola's stock has seen a big fall exactly after 90 days.

Bhavish's statement proved to be costly.
It is not that the fall in Ola's shares has come only after the end of the 90-day lock-in period. Since August, there has been a continuous softness in its stock. On top of this, the statements of the company's founder Bhavish Agarwal also added fire from time to time. Sometimes Bhavish compared himself to Elon Musk and sometimes took on Kunal Kamra. On top of this, the company's results also looked bad in the last quarter, when the company's loss reached 347 crores in the June quarter. The company has once again said that it will declare its quarterly results after 8th November.