While several analysts have called the valuation set by Ola Electric for its IPO decent, they also flagged concerns over rising competition in the electric two-wheeler space and the company’s profitability.

A research head at a top-tier domestic brokerage firm said Ola Electric Mobility lowered the valuations because domestic institutions were not happy with the high valuations.

Ambareesh Baliga, an independent market analyst, said the current valuation is 20% lower than the company’s last fundraising round, and that at this level, it is a decent bargain for investors.

6 richest Indians who have built their wealth in crores by investing in the stock market – Radhakishan Damani, Rekha Jhunjhunwala and Raamdeo Agrawal CDSL shares jump 6%, hit fresh 52-w…