August 7, 2024, is when the Ola Electric IPO Allotment Status will be decided. On August 8, 2024, the shares will be credited to the Demat account and the refund will be started. Ola Electric’s IPO date is slated for August 9, 2024. Investors in the ola electric share price have two options for checking their allocation status: they may do it online via the Linkintime website, or offline through their bank account and Demat login. You may check the Ola IPO allotment status online or offline by following these step-by-step instructions.
OLA Electric IPO Allotment
The total number of subscriptions to Ola Electric’s IPO was 4.45 times, including 5.53 times for QIB, 2.51 times for NII, and 4.05 times for retail. About ₹6145.56 crores would be raised through Ola Electric’s IPO. The set price range for each equity share is between ₹72 and ₹76. The IPO will be listed on the BSE and NSE. Ola Electric IPO gmp will have an allocation basis of about 1:4 based on retail subscriptions.
Ola IPO GMP – Check Issue Date, Price, Lot Size
| Company Name | Ola |
|---|---|
| Founded | 2017 |
| Founders | Bhavish Aggarwal, Ankit Bhati |
| Headquarters | Bangalore, India |
| Industry | Ride-Sharing, Mobility |
| Products/Services | Ride-sharing services, Ola Electric (electric vehicles), Ola Financial Services |
| Key Markets | India, Australia, New Zealand, UK, and several other countries |
| Number of Employees | Over 10,000 (as of 2024) |
| Revenue | Approx. $1 billion (varies annually) |
| Major Competitors | Uber, Lyft, Meru Cabs, Rapido |
| Website | www.olaelectric.com |
Is Ola Electric IPO allotted?
Bidding for Ola Electric Mobility’s first public offering (IPO) took place from August 2 to August 6. With a lot size of 195 shares, the business has issued its shares at a fixed price range of Rs 72–76 per share. Through its initial public offering (IPO), the firm raised a total of Rs 6,145.56 crore. This consisted of an offer-for-sale (OFS) of up to 8,49,41,997 shares and a new share sale of up to Rs 5,500 crore.
Is Ola Electric listed on Stock Exchange?
The issue was only subscribed to 4.27 times in total. There were 5.31 bookings of the qualified institutional bidders’ (QIBs’) quota. The erratic market conditions and lackluster investor reaction have caused Ola Electric Mobility’s grey market premium (GMP) to plummet precipitously. Axis Capital, SBI Capital Markets, BofA Securities India, Goldman Sachs (India) Securities, Citigroup Global Markets India, ICICI Securities, Kotak Mahindra Capital, and BOB Capital Markets are the lead managers of the initial public offering (IPO). Link Intime India is the offering’s registrar. The business is scheduled to list its shares on the BSE and NSE on Friday, August 9.
How to check ola electric allotment status on BSE?
- Click on this link: https://www.bseindia.com/investors/appli_check.aspx
- Select Equity from the issue type menu.
- Choose Ola Electric Mobility Limited from the dropdown under the ipo name.
- Put the application number in writing.
- Include the PAN card ID.
- Press the ‘I am not a Robot’ button and then the search icon.
How can I check my IPO allotment status on linkIntime?
- Access the IPO allocation webpage at Linkintime.com.
- From the menu bar drop-down, choose IPO Name.
- Choose an option using the DP ID, application number, or PAN number.
- Add a PAN, application, or demat account number according to your choice.
- Press the “Search” button.
- Your IPO allocation status will be visible on the screen (desktop/mobile).