![Safari Thorium Neo 8-Wheel Luggage Set Trolley Bags (Set of 3) at just Rs. 5,599 [MRP 29,100]](https://savefree.in/uploads/images/202409/image_870x580_66f63845060f0.webp?#)
Ola Electric surge 20% to hit upper circuit after flat market debut
Ola Electric Mobility, backed by SoftBank, saw its shares surge by 20% to Rs 91.18 on its market debut, against an issue price of Rs 76. The IPO was oversubscribed by 4.27 times. The funds will be used for expanding its cell manufacturing plant, research, debt repayment, and organic growth initiatives. Despite revenue growth, profitability remains elusive.
Ola Electric Mobility, backed by SoftBank, saw its shares surge by 20% to Rs 91.18 on its market debut, against an issue price of Rs 76. The IPO was oversubscribed by 4.27 times. The funds will be used for expanding its cell manufacturing plant, research, debt repayment, and organic growth initiatives. Despite revenue growth, profitability remains elusive. 
![Handmade Brown Mango Wood Chopping Board At just Rs. 89 [MRP 599]](http://savefree.in/uploads/images/202303/image_870x580_641bf7e9c2206.jpg?#)
