Ola Electric’s IPO is scheduled to open on 2nd August and will close on 6th August 2024. The allotment of shares of OLA Electric IPO will be finalized on the 7th of August 2024. Those who have applied for this IPO can check the allotment status from the official website link i.e. linkintime.co.in. Those who allot the shares, the company will credit the shares into the demat account by 8th August 2024. OLA Electric has fixed the price range of shares between Rs 72 to Rs 76 per share. The company’s IPO price band is listed on BSE and NSE. The company’s mainboard IPO plans to raise Rs 6,145.56 crore. They intend to raise Rs 5,500 crore by issuing new shares and the remaining Rs 645.56 crore will come from selling existing shares through the Offer for Sale (OFS) route. The fact-value each share is ₹10 each. For the IPO, 10% is reserved for retail investors, 75% for qualified institutional buyers (QIB), and 15% for high-net-worth individuals (HNI). Keep connected with us to know more information about OLA Electric IPO Allotment Status, Subscription Details, Allotment Schedule, and how to check the OLA Electric IPO Allotment Status.
OLA Electric IPO Allotment Status
The Ola Electric IPO will start on 2nd August and end on 6th August 2024. The final decision on who gets the shares will be made on 7th August 2024 and the shares will start trading on August 9. Those investors who didn’t allot the shares can expect the refund by 8th August 2024 and the shares will be credited on the same date. Retail investors subscribed 1.57 times their allotted shares, while non-institutional investors subscribed to 20% of their quota. The portion for Qualified Institutional Buyers (QIBs) hasn’t been subscribed yet, but employees subscribed 4.88 times their portion. The initial public offering (IPO) received bids for 16,34,52,510 shares, compared to the 46,51,59,451 shares available. The price range for the shares is set between Rs 72 and Rs 76 per share with a face value of ₹10. Many investors bided for the OLA Electric IPO and now waiting for the allotment result. The OLA Electric will finalize the result on 7th August 2024. You can get the direct link to check the allotment status from the below table.
OLA Electric IPO 2024 Details
| Name of the Company | OLA Electric |
| IPO Open Date | 2nd August 2024 |
| IPO Close Date | 6th August 2024 |
| Price Band | Rs 72 to Rs 76 per share |
| Face Value | 10th Per Share |
| Lot Size | 195 Shares |
| Listing Date | 9th August 2024 |
| Article Category | Allotment Status |
| Bansal Wire IPO Allotment Release Date | 7th August 2024 |
| Listing At | BSE, NSE |
| Official Website | linkintime.co.in |
OLA Electric IPO Details, Subscription Details
The company raised Rs 2,763 crore from major investors before the IPO opened on Thursday on 1st August 2024. This IPO is the largest since Life Insurance Corp (LIC) of India’s Rs 21,000 crore IPO in May 2022, with Ola Electric’s offering being worth ₹6,146 crore. The IPO includes an offer for sale (OFS) of 8.49 crore shares worth Rs 645.56 crore at the upper price limit, along with a fresh issue of shares worth up to ₹5,500 crore. As part of the OFS, Ola Electric’s founder, Bhavish Aggarwal, will sell about 3.8 crore shares. Many bidders were interested in the OLA electric IPO and bided for the shares. The OLA Electric IPO will be released on 7th August 2024. To check the IPO allotment of OLA Electric, visit the official website provided below. The full schedule of OLA Electric IPO is provided on this web.
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OLA Electric IPO Allotment Schedule
| Events | Important Dates |
| IPO Open Date | 2nd August 2024 |
| IPO Close Date | 6th August 2024 |
| IPO Allotment Result | 7th August 2024 |
| Refund Initiation | 8th August 2024 |
| Credit of Shares | 8th August 2024 |
| Share Listing Date | 9th August 2024 |
How to Check OLA Electric IPO Allotment Status
If you’ve applied for the Ola Electric Mobility Ltd IPO, you can check your allotment status on the Link Intime India Pvt Ltd website. Here’s a simple guide.
Step 1: First of all, visit the Link Intime India Pvt Ltd website i.e. linkintime.co.in
Step 2: From the dropdown menu, choose Ola Electric Mobility Ltd IPO.
Step 3: You can use your Application Number, Demat Account, or PAN to proceed.
Step 4: Choose your application type (ASBA or non-ASBA).
Step 5: Enter the details required based on your choice.
Step 6: Complete the Captcha verification.
Step 7: Click the submit button to see your allotment status.
FAQs
When OLA Electric IPO Allotment Result 2024 will be released?
OLA Electric IPO Allotment Result 2024 will be released on 8th August 2024.
Where I can check the OLA Electric IPO Allotment 2024?
Investors can check the OLA Electric IPO Allotment Result from the official website link i.e. linkintime.co.in.
What detail required to check the OLA Electric IPO Allotment Result Link?
If you need to check the OLA Electric IPO Allotment, then you need to enter PAN Number and Application Number.