OLA IPO GMP Trends Downwards on Third Day of Bidding; Issue Booked 2.04x So Far

OLA IPO GMP Trends Downwards on Third Day of Bidding; Issue Booked 2.04x So Far Source: Livemint

[{"selector":"#anim-e5b9128f-89c8-4bc4-9981-bda663039f8e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b673280-b02f-4fa8-9a21-54e688cf51e1","keyframes":{"transform":["translate3d(0px, -610.81609%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1bf86711-8778-4549-a1b5-3e158b88fe0c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-607a7981-db81-4903-9d52-13980e0c1104","keyframes":{"transform":["translate3d(0px, 633.82494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f890dd09-ca37-4bba-b92c-a0c7ec73553a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-68ba84ca-5bce-4e85-a4c7-1fe5876f173a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ea4fe91-f392-4e99-8c2f-160ac4cdc781","keyframes":{"transform":["translate3d(116.13924%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a4b21e1-41d0-48da-8797-9df473f329f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8c2456b-33de-4375-93a1-841116685550","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The Ola Electric Mobility IPO trends downwards on the third day of bidding but is currently booked at 2.04 times its offer. White Frame Corner White Frame Corner

[{"selector":"#anim-7d383842-a896-4a6e-9a12-5da06d1f460f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6254648f-e2a9-415b-a6c3-1b60481f764b","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ef05b17-00af-4943-9ce6-c01c29d469f0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0fcc7c71-2cec-4a51-8922-f29a210381f7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4151ce4e-8d21-4abb-9bc9-25e6fcb14c96","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-57680a11-5bf3-49f8-8f92-80050d9a02cc","keyframes":{"transform":["translate3d(0px, -610.81609%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d6f07dd-04df-42e3-8b5d-6743fa5729be","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb92b0e3-4c8a-40d5-b508-43d0377095c8","keyframes":{"transform":["translate3d(0px, 624.97540%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d41a5e1-b837-4df9-8c95-70d7e5883f9a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The IPO has received bids for 49,43,85,840 shares against the offered 46,51,59,451 equity shares, with a price band of ₹72-76, translating to a subscription rate of 1.06 times. White Frame Corner White Frame Corner

[{"selector":"#anim-af401041-9d23-42da-822b-df95dd932bf0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e469955e-dbe8-4aa4-aee9-8f87e0e25968","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36dca886-e988-40f3-a00a-cee395615e07","keyframes":{"transform":["translate3d(116.13924%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-142b2e6e-aa3e-48bc-8e9b-b35373cb0085","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0bcd2b9a-aeac-46a5-ab10-1629b04910af","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ed0cb206-3e98-4d00-9c72-fd81a46120cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99ee3e6e-3081-451e-99d0-43c7e2b0816c","keyframes":{"transform":["translate3d(0px, -610.81609%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e62234c-d0b7-43a5-a8e1-5deb4f912dc4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8fe6482e-b775-42e7-af60-080135e8398b","keyframes":{"transform":["translate3d(0px, 633.82494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Driven by demand from retail and non-institutional investors, the ₹6,145 crore IPO was fully subscribed on the second day of bidding. White Frame Corner White Frame Corner

[{"selector":"#anim-3994a07a-f45d-4068-8ddf-5031801461f7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-51d38d60-d8ca-4a1b-aa0c-13c746de8a1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2708a567-1144-43b5-a3c3-7cc964ad8cf2","keyframes":{"transform":["translate3d(116.13924%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fc0bd2e-ca2a-4ba9-97a2-93016b3593cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ea886d5-ba71-485a-a679-15fd4b27c469","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-accfd09c-77ed-4ad0-8440-1c56cd104da4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f24334d-eb40-405b-847b-c9568ac17be7","keyframes":{"transform":["translate3d(0px, -610.81609%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d15dd69-b0c8-44f3-a218-80c3c5c1c7da","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab83ed37-f19d-4cf5-9ebe-5783778930d7","keyframes":{"transform":["translate3d(0px, 633.82494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The breakdown of subscriptions: non-institutional investors 1.11 times, retail individual investors 2.87 times, qualified institutional buyers 40%, and the employee portion 8.98 times. White Frame Corner White Frame Corner

[{"selector":"#anim-337d6258-d9a3-444b-a679-b16732213b1b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-07bc6d61-95cf-4ad5-b062-0a00731fb116","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5fd33670-f0d7-44bd-8dd6-f74008b8515c","keyframes":{"transform":["translate3d(116.13924%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6776605a-eaa7-414e-b7cd-bd5c9b2f875f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae07809c-ed18-4d66-9509-d78991488d1d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d2429be8-915e-4a19-ac3d-17b559d45e31","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd936de2-512c-49a7-a193-0f3e5ad0a63e","keyframes":{"transform":["translate3d(0px, -610.81609%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92c4654a-3c9c-4097-a74c-438951fac0bb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e746de85-4307-45fc-b08c-1c0b1ff19e0f","keyframes":{"transform":["translate3d(0px, 633.82494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The IPO includes an offer for sale (OFS) of 8.49 crore equity shares valued at ₹645.56 crore, with founder Bhavish Aggarwal selling around 3.8 crore shares, plus a new issue of equity shares up to ₹5,500 crore. White Frame Corner White Frame Corner

[{"selector":"#anim-9a4b8f05-0018-4e71-b3fc-7072bafcdf03","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Get Subscription