The post shares details about Ola Electric IPO gmp. It tells about the actual dates of issue and allotment. It also shares the details about its current subscription position.

Highlights –

• A lot of eyes were there on the Ola electric IPO GMP.
• The subscription process ended on August 6, 2024.
• Now the shares have been allotted and the GMP is minus 3 rupees per share.
• The listing process of these shares will start soon (August 9).
• The shares of Ola Electric will be listed on both the main platforms (NSE and BSE).

Ola Electric IPO GMP – A Quick Overview

Presently, Ola Electric IPO is in the news. The allotment of this IPO has taken place on Wednesday (August 7).

The actual status of the allotment of the Ola Electric IPO can be verified online. To know the exact position, people can visit the BSE website. Even the IPO registrar’s website can be checked to know the status. The registrar for Ola’s IPO is Link Intime India (It’s a Pvt Ltd venture).

Ola Electric IPO GMP is now visible at a discounted price. GMP or GMP stands for grey market premium. On August 7, the GMP for this IPO is visible in the range of minus 3 rupees per share. Thus, Ola Electric IPO GMP is now being traded at a discount (3 rupees margin).

The predicted listing price of these shares is around 73 rupees. It is about a discount of 4% (The IPO price being 76 rupees per share).

The Key Particulars of the Ola Electric IPO

A lot of people were waiting for the IPO allotment of Ola Electric. The corporation deals in the segment of electric two-wheelers. The full name of the venture is Ola Electric Mobility Ltd.

• The subscription procedure started on August 2.
• Subscription process ended on – August 6.
• The allotment date is August 7.
• The listing date for the IPO – August 9.

Here Are Some Important Details about Ola Electric IPO –

• The IPO’s worth was around 6,145.56 crore.
• This IPO has seen a great demand from investors.
• It has been subscribed around 4.45 times.
• The offered segment was 44.5 crore shares. The bids have been received for 198.17 crore shares.
• Public issue subscription rate – 4.05 times (retail category).
• Qualified Institutional Buyers – 5.53 times.
• NII category – subscribed around 2.51 times.

Hence, looking at the data it can be said that Ola Electric IPO has got a good response from investors.

Ola Electric IPO GMP Conclusion

Ola Electric IPO GMP is in the limelight for sure. The subscription process started on August 2, 2024, and ended on August 6. The allotment date is August 7. And the listing will be over by August 9. The GMP is minus 3 rupees per share. This is not a very big deviation. The price has gone down from 76 rupees per share to 73 rupees per share. This indicates a discount of 4 percent. For more finance-related knowledge like this make sure to access Financereview.Org.