Ola Electric IPO details (2 – 6 Aug), (Price ₹72 to ₹76)
Listing date and Listing Price of Ola Electric IPO:
- Ola Electric IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Ola Electric IPO on NSE – Click Here
- Listing Price of Ola Electric IPO on BSE – Click Here
Grey Market premium (GMP) price of Ola Electric IPO :
Grey Market premium (GMP) price of Ola Electric IPO is ₹__. Grey Market premium (GMP) of Ola Electric IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Ola Electric IPO Allotment link status on Link Intime:
- Check the allotment status of Ola Electric IPO on the below link given by Link Intime.
- Ola Electric IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Ola Electric IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Ola Electric IPO subscription status details:
Ola Electric IPO subscription status details are below:
| QIB (Qualified Institl. Bidders) | NII (bids above ₹10L) | NII (bids below ₹10L) | RII (Retail) | Total No. of times applied | |
| Day 1 | |||||
| Day2 | |||||
| Day 3 |
Ola Electric IPO highlights:
| Ola Electric IPO bid Opens on | 2 Aug 2024 |
| Ola Electric IPO bid Closes on | 6 Aug 2024 |
| Issue type | 100% Book Building |
| Ola Electric IPO issue size | ₹ 6145.56 Cr |
| Face value of each equity share | Rs. 10 |
| Ola Electric IPO Price band | Rs 72 to Rs 76 per share |
| Ola Electric IPO market lot | 195 equity shares and multiples |
| Ola Electric IPO minimum order quantity | 195 equity shares |
| Pre IPO equity share of promoters of Ola Electric | 85.77 % |
| Post IPO paid-up equity share of promoters of Ola Electric | __ % |
| QIB portion reservation in Ola Electric IPO | 75 % |
| NIB portion reservation in Ola Electric IPO | 15 % |
| Retail portion reservation in Ola Electric IPO | 10 % |
| Retail individual bidder can apply in Ola Electric IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Ola Electric IPO | NA |
| Employees can apply in Ola Electric IPO | up to 5 lakh (500,000) |
| Employees Reservation in Ola Electric IPO | NA |
| Employees Discount in Ola Electric IPO | Rs. 7 per equity share |
| Listing of Ola Electric at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Ola Electric | NA |
| Registrar of Ola Electric IPO issue | Link Intime India Private Limited |
Ola Electric IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Ola Electric IPO are mentioned below.
| Ola Electric IPO opens on | 02.08.2024 |
| Ola Electric IPO Closes on | 06.08.2024 |
| Allotment basis date of Ola Electric IPO | 07.08.2024 |
| Money refund date of Ola Electric IPO | 08.08.2024 |
| Shares of Ola Electric in Demat Account | 08.08.2024 |
| Ola Electric IPO listing date on NSE, BSE | 09.08.2024 |
How much shares of Ola Electric IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 6,145.56 Cr | |
| Fresh Issue size | – | ₹ 5500 Cr |
| Offer for Sale (OFS) | – | ₹ 645.56 Cr |
| Employee Reservation | – | – |
IPO Red Herring Prospectus (RHP) of Ola Electric:
Click here for IPO RHP of Ola Electric on SEBI website.
Business of Ola Electric: (Source – RHP)
We are a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. We manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Future factory. Our business focuses on capturing the opportunity arising out of electrification of mobility in India and we also seek opportunities to export our EVs in select international markets in the future. We have delivered seven products and additionally announced four new products since our first product announcement in August 2021. We commenced delivery of our first EV model, the Ola S1 Pro, in December 2021. This was followed by the delivery of the Ola S1 in September 2022, the Ola S1 Air in August 2023, the Ola S1 X+ in December 2023 and the Ola S1 X (2 kWh), the Ola S1 X (3 kWh) and the Ola S1 X (4 kWh) in May 2024. On August 15, 2023, we also announced a line-up of motorcycles comprising four models, Diamondhead, Adventure, Roadster and Cruiser. We plan to commence delivery of the motorcycles in the first half of Fiscal 2026.
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