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CosmicTaco
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Ola Electric Mobility Stock Lists at Rs 76 on NSE

  • 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

12mo ago
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