August 7, 2024
New Delhi, India
IPO Allotment
The much-anticipated Ola Electric IPO, which opened for public subscription on Friday, August 2, and closed on Tuesday, August 6, has reached its allotment stage. Investors are eagerly awaiting the final allotment status, set to be announced likely today, August 7. The equity shares of Ola Electric Ltd are scheduled to be listed on both the BSE and NSE on August 9.
Key Details of Ola Electric IPO:
- IPO Price Band:
- The price band for the Ola Electric IPO was set between ₹72 and ₹76 per share.
- At the upper end of the price band, the company raised ₹6,145.56 crore.
- This included a fresh issue of 72.37 crore equity shares worth ₹5,500 crore and an offer-for-sale (OFS) component of 8.49 crore shares worth ₹645.56 crore.
- IPO Timeline:
- Subscription Period: August 2 – August 6, 2024
- Allotment Date: August 7, 2024
- Listing Date: August 9, 2024
- Lead Managers:
- Kotak Mahindra Capital Company
- BofA Securities India
- Axis Capital
- SBI Capital Markets
- Citigroup Global Markets India
- Goldman Sachs (India) Securities
- ICICI Securities
- BoB Capital Markets
- IPO Registrar:
- Link Intime India Private Ltd
How to Check Ola Electric IPO Allotment Status:
Investors can check the allotment status online through the BSE website or the official portal of the IPO registrar, Link Intime India Private Ltd. Here’s how:
Steps to Check Allotment Status on Link Intime:
- Visit the Link Intime India website: Link Intime IPO Allotment
- Select ‘Ola Electric Mobility Limited’ in the Select Company dropdown menu.
- Choose one of the following options: PAN, Application Number, DP/Client ID, or Account No/IFSC.
- Enter the relevant details based on your selection.
- Click on ‘Submit’.
- Your Ola Electric IPO allotment status will be displayed on the screen.
IPO Subscription Status:
The ₹6,145.56 crore Ola Electric IPO witnessed strong demand from investors during its subscription period. The issue was subscribed 4.45 times overall, receiving bids for 198.17 crore equity shares against the 44.5 crore shares on offer.
- Retail Category: Subscribed 4.05 times
- Qualified Institutional Bidders (QIB): Subscribed 5.53 times
- Non-Institutional Investors (NII): Subscribed 2.51 times
The Ola Electric IPO has garnered significant interest, reflecting strong investor confidence. With the allotment set for today and the listing scheduled for August 9, all eyes are on the next steps for this major IPO. Investors can follow the outlined steps to check their allotment status and stay updated on the latest developments.
Disclaimer:
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