Ola Ipo Subscription Status, Important Dates for OLA Electric IPO Allotment and Listing
The Ola Electric IPO was oversubscribed 4.45 times by August 6, 2024, with strong demand from Qualified Institutional Buyers and Retail Investors. The overall subscription reflects robust investor interest ahead of its market debut.
by P Nandhini
Updated Aug 07, 2024
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Ola IPO Subscription Status
The Ola Electric IPO has attracted significant interest from investors, with the overall subscription rate reaching 4.45 times by August 6, 2024. This means that for every share offered, investors bid for almost five shares on average.
The Qualified Institutional Buyers (QIBs) showed strong enthusiasm, subscribing 5.53 times, while Retail Investors subscribed 4.05 times. Non-Institutional Investors (NIIs) also participated, though at a lower rate of 2.51 times.
The high subscription levels, particularly from QIBs and Retail Investors, indicate robust demand for Ola Electric’s shares as it prepares for its market debut.
OLA Electric IPO Subscription Status Breakdown
Here's a detailed breakdown of the Ola Electric IPO subscription status, showing the level of interest from various investor categories:
| Investor Category | Subscription (Times) | Shares Offered | Shares Bid For | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Qualified Institutions (QIB) | 5.53 | 242,370,750 | 134,03,39,910 | 10,186.58 |
| Non-Institutional Buyers (NII) | 2.51 | 121,185,387 | 30,44,48,430 | 2,313.81 |
| bNII (bids above ₹10L) | 2.75 | 80,790,252 | 22,25,02,995 | 1,691.02 |
| sNII (bids below ₹10L) | 2.03 | 40,395,135 | 8,19,45,435 | 622.79 |
| Retail Investors | 4.05 | 80,790,252 | 32,70,54,195 | 2,485.61 |
| Employees | 12.38 | 797,101 | 98,69,730 | 75.01 |
| Others | [.] | 0 | 0 | 0 |
| Total | 4.45 | 445,143,490 | 1,98,17,12,265 | 15,061.01 |
Important Dates for OLA Electric IPO Allotment and Listing
Here are the important dates for the Ola Electric IPO:
- IPO Subscription Period: August 2, 2024, to August 6, 2024
- Allotment Date: August 7, 2024
- Shares Credited to Demat Accounts: August 8, 2024
- Listing Date: August 9, 2024
Shares Offered in OLA Electric IPO
The Ola Electric IPO offered a total of 808,699,625 equity shares. Here's the breakdown of shares offered to different investor categories:
- Qualified Institutional Buyers (QIB): 242,370,750 shares
- Non-Institutional Investors (NII): 121,185,387 shares
- bNII (bids above ₹10L): 80,790,252 shares
- sNII (bids below ₹10L): 40,395,135 shares
- Retail Investors: 80,790,252 shares
- Employees: 797,101 shares
The IPO also included an offer-for-sale (OFS) component and a fresh issue of shares.
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