Ola Electric GMP: Will the stock see a negative listing on Friday?

The enthusiasm for Ola Electric's IPO dwindled as its grey market premium dropped. The IPO, initially seeing a premium of 18-20%, faced negative sentiments. Despite 4.26 times oversubscription and Rs 2,700 crore from anchor investors, negative trends prevailed. The company's revenues grew, yet losses escalated in fiscal 2024.