Ola IPO GMP today, subscription, price and more: CEO Bhavish Aggarwal led Ola Electric IPO has opened for business today. All those interested in this initial public offer should do some due diligence of their own before putting up their money. They must not go merely on the name or its popularity. Having said that, the Ola IPO is expected to draw a massive response. Here, you can check Ola IPO GMP today, subscription, price, gain, lot size and much more. Also, know that CEO Bhavish Aggarwal will also be selling a stake in the company. Notably, just ahead of the Ola IPO, MapMyIndia has sent a legal notice accusing the company of wrongdoing.
Ola Electric Mobility has a huge challenge in front of it and the money garnered by this IPO will go a long way in dealing with them by rolling out better products. These rivals include Bajaj Auto, TVS Motors, and Ather Energy. The grey market is positive so far, but not at the level that many were expecting. You can check Ola IPO GMP today below.
Ola Electric IPO GMP today
Ola IPO GMP today has climbed back up to Rs 16.50 today. It was Rs 15.50 yesterday and Rs 15 on Monday, according to InvestorGain. Ola IPO GMP has been yo-yoing between these figures for days now. Today, Ola has opened for subscription and things may change. The current GMP indicates Ola IPO listing price may be Rs 92.50. This is based on the Ola IPO price band of Rs 76 (upper end). The estimated Ola IPO listing gain is 21.71%. These are grey market numbers and have no official linkages.
Ola 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. There was no acquisition cost attache to these Ola shares for Aggarwal.
MapMy India sends notice ahead of Ola IPO
The MapMyIndia legal notice accuses Ola Electric of using its data illegally while developing Ola Maps. This product received a lot of attention as it enabled Ola to save crores by giving up Google Maps. Forbes India report says Ola Electric improperly cached and saved MapMyIndia’s data.
Bhavish Aggarwal responded by saying that Ola Maps is not a part of the Ola Electric business and referred to the MapMyIndia slapping a notice on the company ahead of the Ola IPO as “opportunistic”. Ola Electric says these allegations are “false, malicious, and misleading.”
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 size
Ola Electric plans to raise Rs 5,500 crore through the IPO route of fresh issue. Offer for sale (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 GMP today, subscription, price and more: CEO Bhavish Aggarwal has reacted to MapMyIndia notice. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
