EV Two-Wheelers - Listed on 09 August 2024
Ola Electric Mobility (EV Two-Wheelers) closed its IPO window in 2024 and listed on NSE and BSE on 09 August 2024 at an upper band issue price of Rs 76, opening at Rs 76 for a listing gain of 0.0% and closing day one at Rs 91.2 (+20.0% on closing basis). The IPO was subscribed 4.26x overall - QIB 5.31x, HNI/NII 2.39x, Retail 3.86x. The total issue size was Rs 6,145.56 Cr (Fresh Issue Rs 5500 Cr, OFS Rs 645.56 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
EV Two-Wheelers
Ola Electric Mobility operates in the EV Two-Wheelers space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Ola Electric Mobility issue was offered at an upper price of Rs 76 and raised approximately Rs 6,145.56 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +6.58% |
| Day 2 | Rs 16 | +11.84% |
| Day 3 | Rs 15 | +14.47% |
| Day 4 | Rs 11 | +19.74% |
| Day 5 | Rs 5 | +19.74% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Ola Electric Mobility IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Ola Electric Mobility IPO listed at 0.0% versus the upper issue price of Rs 76 on 09 August 2024.
Ola Electric Mobility IPO was subscribed 4.26x overall. QIB portion was subscribed 5.31x, HNI / NII 2.39x and Retail 3.86x.
IPO GMP started at Rs 15 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.