Ola Electric Mobility Limited IPO
Ola Electric Mobility Limited was a mainboard IPO in the 2/3 Wheelers sector, offered at ₹72–₹76 per share to raise ₹6,146 crore. The issue was subscribed 4.27× overall (QIBs 5.31×, NIIs 2.4×, retail 3.92×). It listed on 9 Aug 2024 at ₹76 and closed its first day at ₹91, a listing gain of +20.0% versus the ₹76 issue price. It now trades around ₹33 (-56.3% versus the issue price).
Frequently asked questions
- How many times was the Ola Electric Mobility Limited IPO subscribed?
- The Ola Electric Mobility Limited IPO was subscribed 4.27× overall — 5.31× in the QIB category, 2.4× among non-institutional investors, 3.92× in retail.
- What were the Ola Electric Mobility Limited IPO listing gains?
- Ola Electric Mobility Limited listed on 9 Aug 2024 at ₹76, closing its first day at ₹91 — a listing gain of +20.0% versus the ₹76 issue price.
- What were the retail allotment odds for the Ola Electric Mobility Limited IPO?
- Retail was subscribed 3.92×, so a single-lot application had roughly a 25.5% chance of allotment (about 1 in 4), and allotment was finalised on 7 Aug 2024.
- What was the price band and lot size of the Ola Electric Mobility Limited IPO?
- The price band was ₹72–₹76 per share, with a minimum lot of 195 shares (₹14,820 at the upper band).
- Who were the registrar and lead manager for the Ola Electric Mobility Limited IPO?
- Link Intime India Private Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.