Ola Electric IPO allotment announcement
Bengaluru-based Ola Electric, a manufacturer of electric two-wheelers, is set to announce the allotment status of its initial public offering (IPO) on Wednesday, August 7. The IPO opened on August 2 and closed on August 6, with a price band set between ₹72 to ₹76 per share.
IPO Subscription Details
On the final day of the IPO, Ola Electric was oversubscribed 4.26 times, receiving bids for 198.16 crore equity shares against the 46.52 crore shares offered. The breakdown of subscriptions is as follows:
Qualified Institutional Buyers (QIBs): Subscribed 5.31 times
Non-Institutional Investors: Subscribed 2.39 times
Retail Investors: Subscribed 3.86 times
Employees: Subscribed 11.66 times
Grey Market Premium (GMP)
Currently, Ola Electric shares are not commanding any grey market premium (GMP), which indicates the premium at which initial public offering shares are traded in an unofficial market prior to being listed on the stock exchanges.
How to Check Allotment Status
You can check the allotment status of the Ola Electric initial public offering through the registrar’s website:
1. Visit the Registrar’s Website:
– Select the company ‘Ola Electric.’
– Enter your PAN, application number, DP/Client ID, or Account number/IFSC.
– Submit the form to view your application status. The status will show the number of shares you applied for and the number of shares allotted to you.
2. Check on BSE and NSE Websites:
– BSE Website:
– Click on ‘Equity.’
– Select ‘Ola Electric’ from the dropdown menu.
– Enter your application number and PAN.
– Click on ‘Search’ to view your allotment status.
NSE Website:
– Log in and follow the necessary steps to check the allotment status.
