Ola Electric IPO GMP today, subscription, price, gain, allotment: The issue opened for business on Thursday for anchor investors. Now, investors have something else, apart from the unofficial grey market premium, past performance, promoters vision and performance to base their decisions on whether they should invest their hard-earned money on. Investors can check Ola Electric IPO GMP today below. They will also have to see whether they want Ola Electric IPO listing gains or to stay in it for the long term. Ola Electric is led by CEO Bhavish Aggarwal and he too is selling a stake in the company.
Ola Electric IPO: Reason to worry?
A worrying and distracting fact is that the Ola Electric IPO has been hit by allegations of wrongdoing. MapMyIndia has sent a legal notice too. Notably, the unofficial grey market has reacted and the Ola Electric IPO GMP today is down. While Bhavish Aggarwal has called it “opportunistic” and the company will fight it out, the effect on Ola IPO will require careful gauging.
Ola Electric IPO subscription today
Notably, Ola Electric IPO subscription on day 1 for anchor investors led it to garner as much as Rs 2,763 crore. The Ola Electric IPO subscription for the general public opens today, August 2, 2024. Participation in the anchor round was by domestic mutual funds, insurers and FPIs BSE data revealed. Who got the Ola IPO shares? Fidelity, HDFC MF, SBI Mutual Fund, Nippon India MF, Sundaram MF, Bandhan MF, Bharti Axa Life, Kotak Mahindra Life Insurance, Government Pension Fund Global, Nomura India Investment Fund, and Goldman Sachs (Singapore).
During the Ola Electric IPO subscription for anchor investors, 36.35 crore equity shares were allotted to 84 funds at Rs 76 apiece. The amount is Rs 2,763 crore.
Ola Electric IPO GMP today
Seemingly, the massive influx of funds into the Ola Electric IPO from anchor investors did not impress the grey market. Ola IPO GMP today on August 2 has dropped to Rs 13 from Rs 16.50 yesterday. It was Rs 15.50 day before yesterday and Rs 15 on Monday, according to InvestorGain. Ola IPO GMP indicates that Ola IPO listing price may be Rs 89. This is based on the Ola IPO price band of Rs 76 (upper end). The estimated Ola IPO listing gain has dropped to 17.11%. The part that investors can take as a key takeaway is that the issue is still green in the unofficial grey market.
Ola Electric IPO: Bhavish Aggarwal Ola stake sale
CEO Bhavish Aggarwal stake sale is 3,79,15,211 equity shares and it is estimated to get him around Rs 288.15 crore.
Ola Electric IPO size
Ola Electric IPO is expected to raise Rs 5,500 crore through the fresh issue while the offer for sale (OFS), at the upper price band, is 645.96 cr. Total Ola Electric IPO size is Rs 6145.96 crore.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Ola Electric IPO GMP today, subscription status, price, gain, allotment: Grey market reacts to Bhavish Aggarwal led company’s first day for anchor investors. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
