August 2, 2024
New Delhi, India
Ola Electric Mobility Limited’s initial public offering (IPO) has officially launched in the Indian primary market today. Investors are keenly watching the IPO for its potential, and market observers are already reporting grey market premium (GMP) activity. Here’s a comprehensive overview of the Ola Electric IPO, including GMP, price, subscription status, and key dates.
Ola Electric IPO Details:
Ola Electric IPO GMP Today: According to market observers, shares of Ola Electric Mobility Limited are trading at a premium of ₹17 in the grey market today. This indicates a positive market sentiment towards the IPO.
Ola Electric IPO Price: The price band for the Ola Electric IPO is set between ₹72 to ₹76 per equity share.
Ola Electric IPO Date: The IPO opened for subscription today and will remain available for bidding until 6th August 2024, giving investors a window of several days to apply.
Akums Drugs IPO Likely To Be Fixed Today: How To Check Allotment?
Ola Electric IPO Size: The mainboard IPO aims to raise ₹6,145.56 crore. Out of this, ₹5,500 crore will be raised through the issuance of fresh shares, while ₹645.56 crore is reserved for the Offer for Sale (OFS) route.
Ola Electric IPO Lot Size: Investors can apply for the IPO in lots, with one lot comprising 195 shares of the company.
Ola Electric IPO Allotment Date: The tentative date for share allotment is 7th August 2024.
Ola Electric IPO Registrar: Link Intime India Private Limited has been appointed as the official registrar for the IPO.
Ola Electric IPO Listing: The IPO is proposed for listing on both BSE and NSE.
Ola Electric IPO Listing Date: Based on the ‘T+3’ listing rule, the public issue is likely to be listed on Friday, August 13th, 2024.
India’s Manufacturing PMI Drops to 58.1 in July, 2024
Ola Electric’s IPO has garnered substantial interest on its first day, with a noteworthy GMP and clear details about the subscription and listing process. Investors looking to diversify their portfolio with a promising EV company may find this IPO an attractive opportunity. As always, conducting thorough research and consulting with financial advisors is recommended before applying.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
