Ola Electric Makes Muted Market Debut, Lists Flat At INR 76

Ola Electric Makes Muted Market Debut, Lists Flat At INR 76

SUMMARY

The company’s shares on the BSE listed at INR 75.99 apiece as against its IPO issue price of INR 76

On the final day of bidding, the company’s public issue was oversubscribed 4.27X, with the strongest interest received from qualified institutional buyers (QIBs)

Ola Electric’s public issue opened for retail subscription on August 2 and closed on August 6, witnessing a strong interest from QIBs

Ola Electric made a stock market debut with a flat listing today (August 9). The company’s shares on the BSE listed at INR 75.99 apiece as against its IPO issue price of INR 76. 

On the NSE, its shares opened flat at INR 76 apiece. 

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