Ola Electric Mobility Limited IPO

Ola Electric Mobility Limited IPO subscribed 4.26 times on Final Day

The Rs 6,145.56 crore Initial Public Offering (IPO) of Ola Electric Mobility Limited was subscribed 4.26 times on the final day of bidding.

The issue received bids of 1,98,14,05,530 shares against the offered 46,51,59,451 equity shares, at a price band of ₹72-76, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 5.31 times. Retail Portion and Non-Institutional Investors Portion were subscribed 3.85 times and 2.39 times respectively, whereas Employee Portion was subscribed 11.66 times. 

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE. 

The table below shows subscription data for all the categories of investors: 

OLA ELECTRIC MOBILITY LIMITED

Last updated on
06 Aug 2024 | 05:00:00 PM

Sr.No.

Category

No.of shares offered / reserved

No. of shares bid for

No. of times of total meant for the category

1

Qualified Institutional Buyers (QIBs)

25,22,96,550

1,34,03,39,910

5.31

1(a)

Foreign Institutional Investors (FIIs)

-

82,41,65,550

-

1(b)

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)

-

5,06,89,665

-

1(c)

Mutual Funds

-

41,44,01,130

-

1(D)

Others

-

5,10,83,565

-

2

Non Institutional Investors(NIIS)

12,72,10,049

30,44,01,045

2.39

2.1

Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)

8,48,06,700

22,25,02,995

2.62

2.1(a)

Corporates

-

66,72,900

-

2.1(b)

Individuals (Other than RIIs)

-

19,53,12,975

-

2.1(c)

Others

-

2,05,17,120

-

2.2

Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees)

4,24,03,349

8,18,98,050

1.93

2.2(a)

Corporates

-

4,82,430

-

2.2(b)

Individuals (Other than RIIs)

-

7,26,58,950

-

2.2(c)

Others

-

87,56,670

-

3

Retail Individual Investors (RIIs)

8,48,06,699

32,68,00,695

3.85

3(a)

Cut Off

-

27,94,38,510

-

3(b)

Price Bids

-

4,73,62,185

-

4

Employee Reserved

8,46,153

98,63,880

11.66

4(a)

Employee (Cut off)

-

91,96,980

-

4(b)

Employee (Price)

-

6,66,900

-

5

Reservation PortionShareholder

-

-

-

5(a)

RPS (Cut off)

-

-

-

5(b)

RPS (Price)

-

-

-

Total

46,51,59,451

1,98,14,05,530

4.26

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