Ola Electric shares surged 16% after a successful IPO, marking a strong entry into the stock market on August 9th.
IPO Size: ₹6,154 crore Subscription: 4.27 times Combination of fresh issue and offer-for-sale
IPO Overview
Qualified Institutional Buyers (QIBs): 5.31x Retail Investors: 3.92x Non-Institutional Investors: 2.4x
Strong Investor Interest
Employees subscribed 11.99 times Shares worth ₹5.5 crore reserved for employees Discount of ₹7 per share offered to employees
Employee Participation
IPO Price: ₹76 per share Trading at ₹88.5 per share by 10:45 AM, up 16.45%
Stock Performance
Investing ₹1,227.64 crore to expand cell manufacturing from 5 GWh to 6.4 GWh ₹800 crore for debt repayment ₹1,600 crore for research and product development ₹350 crore for organic growth initiatives
Expansion Plans