Ola electric IPO Subscription Status: Ola electric IPO is Open on 2 August 2024 and Close on 6 August 2024. Ola electric IPO to Raise [.] shares (Approx ₹6,150 Cr) via IPO. The Fresh Issue of [.] shares (Approx ₹5,500 Cr) and The Offer For Sale is 95,191,195 shares (Approx ₹[.] Cr).
- The Retail Quota is 10%
- QIB is 75%
- NII is 15%
Ola electric IPO is an Mainline IPO and Listed on NSE & BSE. Ola electric IPO Price Band is Fixed at ₹[.] Equity Share. Ola electric IPO Lot Size is [.] Shares.
Also Read: Ola electric ipo price today, IPO GMP, Price, Date, Review
Ola electric IPO Subscription Status, Rate bid times
Inv Category
Shares Reserved
No. of Shares bid for
No. of Times (Subscription)
Qualified Buyers (QIBs)
242,370,750
1,34,03,39,910
5.53
Non Institutional Buyers (NIIs)
121,185,387
30,44,48,430
2.51
BNII
80,790,252
22,25,02,995
2.75
SNII
40,395,135
8,19,45,435
2.03
Retail Individual Buyers (RIIs)
80,790,252
32,70,54,195
4.05
Employee
7,97,101
98,69,730
12.38
Total
445,143,490
1,98,17,12,265
4.45
Ola electric Subscription Status day-by-day-
Categories
2 Aug
5 Aug
6 Aug
QIB
0.00
0.42
5.53
NII
0.22
1.17
2.51
RII
1.70
3.05
4.05
Employee
5.42
9.72
12.38
Total
0.38
1.12
4.45
About Ola electric IPO :
Ola electric are a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells.We manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory.
Our business focuses on capturing the opportunity arising out of electrification of mobility in India and we also seek opportunities to export our EVs in select international markets in the future. We have delivered four products and additionally announced six new products since our first product announcement in August 2021.
We commenced delivery of our first EV model, the Ola S1 Pro, in December 2021. we announced other new EV scooter models, the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh), in addition to the Ola S1 X+, as well as a line-up of motorcycles comprising four models, Diamondhead, Adventure, Roadster and Cruiser.
We plan to commence delivery of the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh) by the first half of Fiscal 2025 and the motorcycles in the first half of Fiscal 2026. We had the highest revenue of all Indian incorporated electric 2Ws (“E2Ws”) original equipment manufacturers (“OEMs”) from E2W sales in Fiscal 2023.
We undertake R&D activities in India, the United Kingdom (“UK”) and the United States (“US”) focused on designing and developing new EV products and core EV components, such as battery packs, motors and vehicle frames. We are in the process of building our EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which includes our Ola Futurefactory, our upcoming Ola Gigafactory and co-located suppliers in Krishnagiri district.
Ola electric Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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