CosmicTaco

Ola Electric Mobility Stock Lists at Rs 76 on NSE

CosmicTaco · 2024-08-09T10:46:09.961984+05:30

- Ola Electric Mobility shares debuted on August 9, trading at Rs 76, matching the IPO issue price. - The Rs 6,154-crore public offer, a mix of fresh issue and offer-for-sale, was subscribed 4.27 times. - Employees showed strong participation, purchasing 11.99 times the reserved portion. - The company plans to invest Rs 1,227.64 crore to expand its cell manufacturing capacity and allocate funds for debt repayment, research, and organic growth. - Both QIBs and retail investors demonstrated robust interest, with QIBs subscribing 5.31 times and retail investors 3.92 times their allotments. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/ola-electric-ipo-listing-stock-market-debut-rs-76-per-share-12791549.html)

Ola Electric Mobility shares debuted on August 9, trading at Rs 76, matching the IPO issue price.
The Rs 6,154-crore public offer, a mix of fresh issue and offer-for-sale, was subscribed 4.27 times.
Employees showed strong participation, purchasing 11.99 times the reserved portion.
The company plans to invest Rs 1,227.64 crore to expand its cell manufacturing capacity and allocate funds for debt repayment, research, and organic growth.
Both QIBs and retail investors demonstrated robust interest, with QIBs subscribing 5.31 times and retail investors 3.92 times their allotments.

Source: Moneycontrol

10mo ago