Ola Electric Mobility and Brainbees Solutions boost India's IPO market

The first 'pure-play' electric vehicle manufacturer to IPO on the Indian market is the largest listing this year in the country, while baby-product firm Brainbees Solutions has also listed; both have seen their shares soar on debut.

Bangalore-based Ola Electric Mobility (Ola Electric) shares made their market debut on August 9 and have soared over 40% since their first day of trading to above INR109 ($1.3) per share compared to its listing price of INR76. The shares have now twice hit market "circuit breakers" of a maximum daily 20% share rise.  

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