New Delhi: Ceigall India’s IPO and Ola Electric’s IPO opened on August 1, 2024, and August 2, 2024, respectively, to a healthy interest from investors. Infrastructure giant Ceigall India’s subscription closes on August 5, 2024, while E- two-wheeler maker Ola Electric’s IPO will close on August 6, 2024. Ceigall India garnered Rs 375 crore from anchor investors ahead of the IPO launch, while Ola Electric raised RS 2,763 crore from anchor investors.
Ceigall India IPO GMP
Ceigall India IPO GMP stood at Rs 60 apiece on Saturday, August 3, 2024, indicating a listing price of Rs 461 apiece, indicating a 14.96 per cent premium over the IPO price, according to Investorgain. GMP or grey market premium is the premium that an investor is willing to pay to acquire a company’s stock.
Ceigall India’s IPO was subscribed 1.16X on day 2, August 2, 2024, and received 2,54,63,289 bids compared to the 2,18,87,120 shares on offer. The retail and NII susbcription stood at 1.61X, while QIBs susbcribed 1 per cent of the shares on offer. The IPO, priced at Rs 380-401 apiece, while close on August 5, with potential allotment by August 6, 2024, and listing by August 8, 2024.
The public issue, priced at Rs 380-401 apiece, while close on August 5, with potential allotment by August 6, 2024, and listing by August 8, 2024. Ceigall India IPO has received a subscribe rating from brokerages including Reliance Securities and SBI Securities.
Ola Electric IPO GMP
Ola Electric IPO grey market premium (GMP) stood at Rs 9 apiece, indicating a listing price of Rs 85 apiece over the IPO price of RS 76 per share, indicating an 11.84 per cent premium. Ola Electric’s IPO was subscribed 28 per cent on day 1, Friday, August 2, 2024. The IPO, which closes in August 6, 2024, may list on August 9, 2024, after allotment is finalised on August 7, 2024.
Ola Electric’s IPO received 12,82,68,075 bids compared to the 46,51,59,451 shares on offer. Retail subscriptions stood at 1.28X, while NIIs subscribed 13 per cent and employees’ subscriptions were 4.4X. IB subscription was yet to pick up.
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IPO update: Ola Electric IPO and Ceigall India IPOs opened last week to a healthy response with 28 per cent and 1.16X subscriptions seen on day 1 and day 2, respectively. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
