OLA Electric IPO : On Friday, the last trading day of the week, 3 IPOs are going to open for subscription today. These include the IPO of Ola Electric. Apart from this, 2 SME IPOs will also open today. These include the IPOs of Picture Post Studio and Fcom Holdings. The stock of Fcom Holdings is seen trading at a bumper premium of 106 percent in the gray market. At the same time, the stock of Picture Post Studio is seen trading at a premium of 70 percent. Let us know the important information related to the IPO of Ola Electric.
You can bid till 6 August
Ola Electric’s IPO is a mainboard IPO of Rs 6145.56 crore. One lot in this IPO is of 195 shares. The IPO will open for subscription today on August 2. Investors can bid in this IPO till August 6. Allotment of shares will be done on August 7. Listing of shares will be done on August 9. The price band in Ola Electric’s IPO has been fixed from Rs 72 to Rs 76 per share.
What is GMP?
Ola Electric’s stock was seen trading at a premium in the grey market on Friday. The company’s stock was seen trading at a premium of Rs 13 against the issue price of Rs 76. In this way, this stock can be listed at Rs 89 with a premium of 17.11 percent.
First electric two-wheeler company to be listed
Ola is the first electric two-wheeler company to be listed on the stock exchanges. The company will raise Rs 6,145.56 crore from this IPO. 723,684,210 fresh shares will be issued in the IPO. At the same time, existing investors will sell 84,941,997 shares worth ₹ 645.56 crore through Offer for Sale (OFS).
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