Ola Electric's IPO Sees Strong QIB Demand, But Stock Lists Flat

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Ola Electric's Market Debut

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IPO Oversubscribed 4.27x

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Strong QIB Demand

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Retail Investor Response

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IPO Pricing and Funds Raised

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

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Ola Electric's IPO Sees Strong QIB Demand, But Stock Lists Flat

Ola Electric's Market Debut

Ola Electric debuted on the stock market on 9th August, with shares listing flat at INR 75.99 on BSE and INR 76 on NSE.

IPO Oversubscribed 4.27x

The IPO was oversubscribed 4.27 times, with QIBs showing the highest demand.

Strong QIB Demand

Opened on 2nd August, the IPO saw QIBs oversubscribe their portion 5.31 times, bidding for 134.03 Cr shares.

Retail Investor Response

Retail investors oversubscribed their portion 3.92 times, with the IPO including a fresh issue worth INR 5,500 Cr.

IPO Pricing and Funds Raised

With a price band of INR 72-76, Ola Electric raised over INR 6,145.6 Cr at the upper end.

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