Ola Electric IPO allotment today: Here's how to check status on Link Intime, BSE

Ola Electric IPO allotment: You can check Ola Electric IPO allotment status online through the BSE website or the official portal of IPO registrar Link Intime.

Updated on: Aug 7, 2024, 10:04:04 IST

By HT News Desk

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Ola Electric IPO allotment: The allotment for initial public offering (IPO) of Ola Electric Mobility Ltd is expected to be finalised today (August 7). The issue opened for subscription on August 2 and closed on August 6. The IPO listing date is August 9 and the company is likely to fix the basis of allotment today and credit the shares into the demat accounts on August 8. Investors whose bids have been rejected will get refund of their money on the same day as well. You can check Ola Electric IPO allotment status online through the BSE website or the official portal of IPO registrar Link Intime India Private Ltd.

Ola Electric IPO allotment: Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering (IPO), in Mumbai. (PTI)

How to check Ola Electric IPO allotment on Link Intime

1. Visit Link Intime India website on this link - https://linkintime.co.in/initial_offer/public-issues.html

2. Select ‘Ola Electric Mobility Limited’ in the Select Company dropdown menu

3. Choose among PAN, App. No., DP/Client ID and Account No/IFSC

4. Enter details and click on ‘Submit’

5. You will then be able to see Ola Electric IPO allotment status on the screen

Ola Electric IPO GMP

Ola Electric IPO GMP is negative or minus ₹3 per share which indicates that Ola Electric shares are trading at a discount of ₹3 in the grey market.

Ola Electric IPO subscription

Ola Electric IPO saw strong demand from investors and was subscribed 4.45 times in total as the issue received bids for 198.17 crore equity shares against 44.5 crore shares on the offer. The IPO was subscribed 4.05 times in the retail category, 5.53 times in the Qualified Institutional Bidders (QIB) category and 2.51 times in the Non-Institutional Investors (NII) category.

Ola Electric IPO details

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The price band of the issue was set at ₹72 to ₹76 per share. At the upper-end of the price band, the company raised ₹6,145.56 crore from the issue which was a combination of 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. Book running lead managers of the IPO are Kotak Mahindra Capital Company, BofA Securities India, Axis Capital, SBI Capital Markets, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities and BoB Capital Markets.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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