OLA Electric IPO Opening next Month

Hello and Namaste Everyone

I am unaware of the stock market, so I do not invest in company stocks. But I know that the stock market is such a big place where many players are making a good amount of money through different ways of investment. It is managed by the government which means it is a legit way of investing money in company shares but there has to be some strategy, or else you might lose your money. People say that the crypto market is highly volatile and risky, but I think the share market is also more or less the same where risk is quite high and there is no surety of the return. You can make money but you can also lose money depending upon how you play in the market and for that purpose proper study and research are surely necessary. Even though I'm not investing in stocks I still try to keep myself updated with some ongoing news updates. This is the habit I have adopted after joining the crypto world because I believe it is very important to keep ourselves updated with the latest happenings.

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Ola is a company in India and this company is doing great in technology. The company deals in various products and services and it is a very popular brand in India that offers app-based cab services. So it's a cab aggregator company that has created a platform where riders and drivers both are available and this is a successful business across the country. The company has also launched its electric scooter and this is also another successful product.

Recently the company CEO announced that they have created their map application and now they are not going to be dependent upon Google. Why this change they can save 100 crore rupees every year that they used to pay to Google but now onwards this will be a saving for them. The company has also announced that they have made the map application available to any company in India at highly discounted prices. Any company would be able to use the API and it's the same as Google Maps. Although Google also reduced their prices for Google Map API significantly I don't think it is going to help because Ola has gone very aggressive in this segment which will be difficult for Google to deal with.

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Now Ola is going to launch its IPO next month and this is big news. IPO is a process called initial public offering and through this people get the opportunity to invest in the company even before these shares are listed on the exchange. The company is going to launch its IPO for retail customers on 2nd August which will be opened till 6th August. The company is doing create in the market and it is a leading brand in whatever segments they are working. By bringing their IPO they are going public and I think this can be a good opportunity for anyone to invest in the company if you are lucky then you might be able to earn something if you get the allocation of IPO. I would say that before going ahead for the investment you must go through the company details but there is no loss if you apply for the IPO and you don't get the allocation.

Usually in India IPO applications can be submitted through various apps And the money that is paid for them I P O doesn't take much time to get refunded to the bank account. The fund is not withdrawn instead it is logged till the time allocation date is not confirmed and the result is not shared. So I think it's worth taking the risk in Ola Electric IPO which is expected to do great in the market looking at how the EV segment is growing in India.

Thank you so much
Stay Safe

Posted Using InLeo Alpha

Posted Using InLeo Alpha