Ola Electric Mobilty Limited IPO GMP

Ola Electric Mobility is an EV Company building towards a brighter, safer and greener future. They are building towards making India the world's EV hub by creating an ecosystem with products, services and technology which will define the next frontier of innovation.

Ola, a Book Built Issue amounting to ₹6,145.55 crores, consisting a Fresh Issue of 72.36 Crore Shares worth ₹5,500.00 Crores and an Offer for Sale of 8.49 Crore Shares totalling to ₹645.55 Crores. The subscription period for the Ola IPO opens on August 02, 2024, and closes on August 06, 2024. The allotment is expected to be finalized on or about Wednesday, August 07, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Friday, August 09, 2024.

The Share price band of Ola IPO is set at ₹72 to ₹76 equity per share, with a minimum lot size of 195 shares. Retail investors are required to invest a minimum of ₹14,820, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (2,730 shares), amounting to ₹207,480.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited and BOB Capital Markets Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue.

Ola Electric Mobility Limited IPO GMP Today
The Grey Market Premium of Ola Electric Mobility Limited IPO is expected in the range of ₹7 to ₹10 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Ola Electric Mobility Limited IPO Live Subscription Status Today
As of 06:30 PM on 02 August 2024, the Ola Electric Mobility Limited IPO live subscription status shows that the IPO subscribed 0.35 times on on the first day of subscription period. Check the Ola Electric Mobility Limited IPO Live Subscription Status Today at NSE.

Ola Electric Mobility Limited IPO Allotment Status
Ola IPO allotment date is 07 August, 2024, Wednesday. Ola IPO Allotment will be out on 7th August 2024 and will be live on Registrar Website from the allotment date. Check Ola Electric Mobility Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Ola Electric Mobility Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Ola Electric Mobility Limited IPO
Ola Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹12,276.41 Millions is required for Capital expenditure to be incurred by their Subsidiary, OCT for expansion of the capacity of their cell manufacturing plant from 5 GWh to 6.4 GWh, classified as phase 2 under the expansion plan (the “Project”); 
2. ₹8,000.00 Millions is required for Repayment or pre-payment, in full or part, of the indebtedness incurred by their Subsidiary, OET; 
3. ₹16,000.00 Millions is required for investment into research and product development; 
4. ₹3,500.00 Millions is required for Expenditure to be incurred for organic growth initiatives; and 
5. General corporate purposes.

Refer to Ola Electric Mobility Limited RHP for more details about the Company.