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Ola Electric's $1 Bn IPO Dream: Reading Between The Lines

Prepping for its IPO, Ola Electric has not even filed its financials for FY22 and FY23, the numbers reported are not audited

Bengaluru , Karnataka , India , China , Krishnagiri , Andhra-pradesh , Tamil-nadu , Chinese , Bhavish-aggarwal , Umesh-chandra-paliwal , Deb-mukherji , Bajaj-auto

RailTel IPO: RailTel Corp to get listed on Friday. Can it do a Nureca in debut trade?


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NEW DELHI: Railtel Corporation is all set to make market debut on Friday, and after Nureca got listed at a 59 per cent premium today, hopes are high that the state-run firm, too, will see a strong debut.
Grey market trends suggest the stock indeed may see decent listing gains, but that may not be enough for it to replicate Nureca's performance in debut trade.
Marketmen tracking grey market trends said Nureca's strong listing might not have any major impact on RailTel's debut, but the recent improvement in the secondary market sentiment would.
They said Nureca's was a small Rs 100 crore initial public offer (IPO) and had, thus, witnessed huge demand. In comparison, RailTel was a large Rs 819 crore issue. The railway firm has reported single-digit sales and profit growth for the past couple of years, while Nureca logged solid growth for the same period.

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