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
Overall Subscription
4.47x
Total Demand
QIB Multiplier
5.53x
Institutions & Funds
NII / HNI
2.52x
High Net-Worth
Retail (RII)
4.11x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 242,370,750 | 1,340,339,910 | 5.53x |
| NIB | 121,185,387 | 304,972,980 | 2.52x |
| HNIs(10L +) | 80,790,252 | 222,502,995 | 2.75x |
| HNIs (2-10L) | 40,395,135 | 82,469,985 | 2.04x |
| RETAIL | 80,790,252 | 332,445,555 | 4.11x |
| EMPLOYEES | 797,101 | 10,146,045 | 12.73x |
| Total | 566,328,877 | 2,292,877,470 | 4.47x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs (10L+) | 29,593 | 15,661 | 0.53x |
| HNIs (2-10L) | 14,797 | 26,951 | 1.82x |
| RETAIL | 414,309 | 1,326,761 | 3.20x |
| Total Applications | 458,699 | 1,369,373 | 2.99x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Ola Electric Mobility Limited IPO GMP today?
Currently, Ola Electric Mobility Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹72 to ₹76 per equity share.
What is the expected profit per lot for Ola Electric Mobility Limited IPO?
The retail lot size is 195 shares requiring a minimum application amount of ₹14,820. Expected listing price is ₹75 per equity share.
What is the issue size and price band for Ola Electric Mobility Limited IPO?
The Ola Electric Mobility Limited IPO aggregate issue size is ₹6,145.56 Crores with an equity price band set at ₹72 to ₹76 per equity share. The retail lot size is 195 shares requiring a minimum capital outlay of approx. ₹14,820.
How can I check Ola Electric Mobility Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 4.47x (Retail: 4.11x, QIB: 5.53x, NII: 2.52x). You can track live multiples directly on our dedicated subscription page.
Where and when will Ola Electric Mobility Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2024-08-07. Investors can verify status using PAN card or application number.
When is the listing date for Ola Electric Mobility Limited IPO?
Ola Electric Mobility Limited shares are scheduled to list on NSE and BSE on 2024-08-09.