CEO Bhavish Aggarwal led Ola Electric IPO is almost here and you need to get up close and personal with many of its various details. Ola IPO is expected to be one of the biggest initial pubic offers in the Indian stock markets. So, check out the Ola IPO date 2024, GMP today, lot size, expected price and how much Bhavish Aggarwal share sale will get him. After making waves for years with its various moves that has driven it from one part of the market segment to the next, serious business is being contemplated with Aggarwal eyeing the Ola IPO route to get funds for various purposes.
Notably, Ola Electric has surprised most people with its performance even in the face of some huge rivals. An investor however, must not go by name alone. Apart from past performance, which can be misleading sometimes, he must also look at various other aspects including the record of the promoters, future vision, rivals, growth plans and more. Ola Electric Mobility is competing against some very big and iconic companies in India including Bajaj Auto, TVS Motors, and Ather Energy. At the moment, things are looking on the up. Ola IPO GMP today is in the green and it has been rising in the lead up to the actual opening of the Ola IPO. Ola Electric Mobility’s fund raising in 2023 valued the company at $5.4 billion.
Ola Electric IPO GMP today
Ola IPO GMP today is at Rs 15.50. It had risen to Rs 16.50 yesterday, but gave up the gains. It was Rs 25 on July 27, 2024, and Rs 15 on Monday, according to InvestorGain. The GMP still indicates that Ola IPO listing gain will be there. The estimation of the Ola IPO listing price may be Rs 91.50. This is after taking the Ola IPO price band of Rs 76 (upper end) into the account., Ola IPO listing gain is currently estimated at 20.39%. These are all grey market numbers.
Ola Electric IPO: Bhavish Aggarwal Ola stake sale
As per the details of the Ola IPO submitted, Bhavish Aggarwa stake sale is as large as 3,79,15,211 equity shares. The Ola IPO stake sale is estimated to be worth around Rs 288.15 crore at Rs 76 apiece (Upper end). The acquisition cost of these shares for Aggarwal were nil.
Ola IPO price band
Ola IPO price band has been announced at Rs 72-76.
Ola IPO subscription date
Ola IPO opening date is August 1, 2024 to raise funds from anchor investors. From the rest, Ola IPO subscription date starts on August 2.
Ola IPO listing date
Ola IPO listing date on stock exchanges is likely on August 9, 2024.
Ola IPO size
Ola Electric’s DRHP has indicated that the company plans to raise Rs 5,500 crore through the Ola IPO route of fresh issue. OFS, at the upper price band is 645.96 cr. Total issue size is expected at Rs 6145.96 crore, along with OFS component of up to 84.94 mn shares. Ola market capitalisation (total) is expected at around Rs 33500 cr.
Ola IPO funds utilisation
Ola Electric IPO proceeds will go toward capital expenditure, debt repayment, and research and development purposes.
Ola Electric performance
Ola Electric has reported a loss of Rs 267.16 crore in the period ending June 30, 2023. It was Rs 1,472.08 crore in the previous quarter. Ola revenues halved to Rs 1,278.68 crore in June quarter 2023 from Rs 2,782.70 crore in the March quarter 2023.
(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 IPO date 2024: You can check Ola IPO GMP today as well as its lot size, expected price, allotment and even how much CEO Bhavish Aggarwal is likely to earn from his Ola stake sale. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
