Ola Electric IPO opens for subscription today: Top things to know

Ola Electric IPO: The initial public offering (IPO) of electric two-wheeler company Ola Electric Mobility Ltd has been opened for public subscription on Friday. The IPO will be closed on August 6. Till 10:43 am on the first day of bidding on Friday, the 6,145.56-crore IPO received a 12 per cent subscription, garnering bids for 5,20,48,815 shares as against 44,51,43,490 shares on offer. The IPO was opened at 10 am.

According to the latest data, the retail quota received a 0.55 times subscription, while the non-institutional investors category got a 0.05 times subscription.

The price band of the Ola Electric IPO was fixed at Rs 72-Rs 76 apiece. The share allotment will likely be finalised on August 6, while its listing will take place on both BSE and NSE on August 8.