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Ola Electric IPO - Listing Date, GMP & Subscription

Ola Electric Mobility Ltd IPO listing date: Aug 9, 2024 on NSE, BSE. Listed at ₹76 (+0.0%) vs issue price of ₹76. Subscribed 4.27x overall (QIB: 5.27x). Price band: ₹72-₹76, lot size 195 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Aug 8, 2024

Key Dates

IPO Open DateAug 2, 2024

IPO Close DateAug 6, 2024

Allotment DateAug 7, 2024

Refund DateAug 8, 2024

Demat Credit DateAug 8, 2024

Listing DateAug 9, 2024

Issue Details

Price Band₹72-₹76

Issue Price₹76

Face Value₹10

Lot Size195 shares

Min Investment₹14,820

Issue Size₹6,146 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓India's largest EV two-wheeler market share

✓EV sector long-term tailwind

⚠Flat listing - GMP correctly signalled this

⚠Post-listing fell below issue price

⚠Weak QIB vs hype

⚠Operational quality issues emerged post-listing

About Ola Electric Mobility Ltd

Ola Electric is India's largest electric two-wheeler manufacturer by market share, with the S1 Pro and S1 Air scooter series.

Subscription Breakdown

Overall Subscription4.27x

QIB (Institutional)5.27x

NII (HNI)3.95x

Retail3.92x

Listing Price

₹76

Listing Gain

0.0%

Issue Price

₹76

stoicHQ Analysis

Flat listing - GMP fell from Rs 20 to near-zero in the days before listing, correctly predicting the outcome. Weak QIB subscription (5.27x) relative to hype. Post-listing, stock fell significantly as operational issues (service quality, delivery delays) emerged. A textbook case of GMP as a warning signal.

Electric Vehicles2024All 2024 IPOs

IPO Listing Timeline

Previous IPO← Tata Technologies IPO (listed Nov 30, 2023)Next IPOPremier Energies IPO (listed Sep 3, 2024) →

More IPOs from 2024

Bajaj Housing Finance IPO+114.3%Hyundai Motor India IPO-1.3%Waaree Energies IPO+70.2%

Ola Electric IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Aug 8, 2024₹0-0.0%

Aug 6, 2024+₹2₹60+2.6%

Aug 2, 2024+₹6₹140+7.9%

Jul 29, 2024+₹12₹250+15.8%

Jul 26, 2024+₹20₹380+26.3%

Ola Electric IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Aug 2)1.42x0.52x0.92x2.08x

Day 2 (Aug 5)2.22x1.24x1.44x2.84x

Day 3 (Aug 6)4.27x5.27x3.95x3.92x

Anchor Investors

SBI Mutual Fund₹480 crore

HDFC Mutual Fund₹420 crore

Government Pension Fund Global₹380 crore

Mirae Asset Mutual Fund₹320 crore

Ola Electric Mobility Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹461 crore-₹784 crore-170.1%

FY23₹2,630 crore-₹1,472 crore-56.0%

FY24₹5,010 crore-₹1,584 crore-31.6%

Listed Peers - Electric Vehicles

TVS Motor CompanyTwo-Wheeler

Hero MotoCorpTwo-Wheeler

Frequently Asked Questions

When did Ola Electric IPO list?

Ola Electric IPO listed on August 9, 2024 on NSE and BSE at ₹76, flat at the issue price of ₹76, a 0% listing gain. GMP correctly predicted the flat listing.

What was Ola Electric IPO GMP?

The grey market premium (GMP) for Ola Electric IPO fell from ₹20 to zero in the days before listing, correctly forecasting the flat listing at issue price.

What was Ola Electric IPO subscription?

Ola Electric IPO was subscribed 4.27x overall. QIB was 5.27x, NII was 3.95x, and retail was 3.92x - weak relative to the brand's consumer profile.

What does Ola Electric sell?

Ola Electric is India's largest electric two-wheeler manufacturer by market share, selling S1 Pro and S1 Air electric scooters.

What is Ola Electric IPO price band?

The Ola Electric IPO price band was ₹72-₹76 per share. Lot size was 195 shares. Minimum investment was ₹14,820. Issue size was ₹6,146 crore.

What is Ola Electric IPO allotment date?

The allotment date for Ola Electric IPO was August 7, 2024. Listing was on August 9, 2024.