Ola Electric Mobility Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Ola Electric Mobility Limited, founded in 2017, is a leading EV company specializing in manufacturing electric vehicles and key components like battery packs, motors, and frames at its Ola Futurefactory. Since launching the Ola S1 Pro in 2021, the company has expanded its lineup and announced six upcoming models, including electric motorcycles. By October 2023, Ola Electric had built a strong direct-to-customer network with 935 experience centers, 414 service centers, and an online presence across India. It also exports to markets in Africa, LATAM, and Southeast Asia. With a focus on R&D, manufacturing, and distribution, the company had 959 employees as of March 2024.
Price Band
₹72 – ₹76
Issue Size
₹6146 Cr
Lot Size
195 shares
GMP
₹1
-1.3%
Est. Listing
₹75
at current GMP
Subscribed
4.47x
overall
Open
2 Aug 2024
Close
6 Aug 2024
Allotment
7 Aug 2024
Refund
8 Aug 2024
Demat Credit
9 Aug 2024
Listing
9 Aug 2024
Last updated 12 days ago
Official Registrar Verification
Ola Electric Mobility Limited Allotment Status
Designated Registrar: Link Intime India Private Ltd
Allotment Date
7 Aug 2024
Basis finalization
Refunds Initiate
8 Aug 2024
Mandate release
Demat Credit
9 Aug 2024
Shares in demat
Listing Debut
9 Aug 2024
Trading begins
How to Check Ola Electric Mobility Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Ltd's allotment portal.
- Select Ola Electric Mobility Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Ola Electric Mobility Limited Public Issue & Market Profile
Ola Electric Mobility Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹6,145.56 Crores. The shares are offered at a price band of ₹72 to ₹76 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 195 shares (approx. ₹14,820 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Link Intime India Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-09, while un-allotted funds or UPI block mandates will be released on 2024-08-08.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.