OLA Electric IPO GMP Today: Opens 2nd August!
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Ola Electric is set to launch its initial public offering (IPO) on August 2, 2024 (now open for subscription). The IPO will be open for public subscription until August 6, 2024. This event marks a significant milestone as Ola Electric will become the first Indian electric two-wheeler manufacturer to be listed on the stock exchanges. The Ola IPO GMP is predicted to be finalized at 16% before its opening, but considering the hype, it can be much more!
The IPO consists of a fresh issue of shares worth ₹5,500 crore and an offer for sale (OFS) of 645.56 equity shares. The price band for the IPO is set between ₹72 and ₹76 per share, with a minimum investment requirement of ₹14,820 for one lot of 195 shares. The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 9, 2024.
The proceeds from the IPO will be used for expanding the capacity of Ola Electric's cell manufacturing plant, repaying or prepaying certain borrowings, funding research and development, and other general corporate purposes.
The OLA Electric IPO GMP Today is ₹14. This IPO is now open for subscription so stay tuned for further GMP updates.
Date & Time |
OLA IPO GMP |
30 July, 16:28 |
₹16 |
31 July, 10:23 |
₹18.5 |
1 Aug, 11:15 |
₹15 (Today) |
| 2 Aug, 13:19 | ₹14 (Today) |
In FY24, Ola Electric’s revenue from operations increased by 90.42% to ₹5,009.8 crore compared to FY23. However, the company’s losses also grew, reaching ₹1,584.4 crore, up from ₹1,472 crore the previous year.
Therefore, the Grey Market Premium (GMP) for Ola Electric's IPO is hovering around ₹15-₹20 per share. This indicates a moderate level of investor interest and potential listing gains. However, the final GMP may vary as the IPO date approaches. Considering Ola IPO’s GMP predictions, it is recommended as a long-term gains stock.
let them issue at 75. Once listed it will fall to 45-50. then, I will buy..
another paytm ipo in my opinion 😄
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OLA Electric is NOT worth 33500 crore. Worlds biggest 2 wheeler seller Hero is barely worth 1 lakh crore. Ashok Leyland is 75000 crore. And those are profit making established companies while OLA is making 1500crore every year. How is OLA worth this much?
15-20 rupees would be its right price.
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booked rest at 146 today ... doubling target done
sold 100 for ₹87 and 95 for ₹91.2😭
booked 50% at 108 today. rest for 150 +
Wait for 30-40rs or even less...
If we look at the history of Largest IPO's - Most of them have failed to live upto the expectations of investors.
be it PayTM, LIC, Reliance Power, GIC etc.
P.S. - I am not going to apply in this IPO
Ola ki service and reviews dekh k lagta hai share 7.2 and 7.6Rs pe bhi mil jayega 😂
LIKH KE RAKH LO FLOP HOGA , OLA SE jyada to ye song popular hai
i m applying for 150+ target in short term (doubling)
just look at paytm:) before final call on last day:)
OLA Electric is NOT worth 33500 crore. Worlds biggest 2 wheeler seller Hero is barely worth 1 lakh crore. Ashok Leyland is 75000 crore. And those are profit making established companies while OLA is making 1500crore every year. How is OLA worth this much?
15-20 rupees would be its right price.
unfollowing this topic
hmm remember
1) they are not IPOing for Cab riding service
2) they are IPOing for OLA electric the scooter ...
anyone trust it?
I have an important question, please answer
does any people trust this ola ?
let them issue at 75. Once listed it will fall to 45-50. then, I will buy..
another paytm ipo in my opinion 😄
Ola Electric is set to launch its initial public offering (IPO) on August 2, 2024 (now open for subscription). The IPO will be open for public subscription until August 6, 2024. This event marks a significant milestone as Ola Electric will become the first Indian electric two-wheeler manufacturer to be listed on the stock exchanges. The Ola IPO GMP is predicted to be finalized at 16% before its opening, but considering the hype, it can be much more!
The IPO consists of a fresh issue of shares worth ₹5,500 crore and an offer for sale (OFS) of 645.56 equity shares. The price band for the IPO is set between ₹72 and ₹76 per share, with a minimum investment requirement of ₹14,820 for one lot of 195 shares. The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 9, 2024.
The proceeds from the IPO will be used for expanding the capacity of Ola Electric's cell manufacturing plant, repaying or prepaying certain borrowings, funding research and development, and other general corporate purposes.
The OLA Electric IPO GMP Today is ₹14. This IPO is now open for subscription so stay tuned for further GMP updates.
Date & Time
OLA IPO GMP
30 July, 16:28
₹16
31 July, 10:23
₹18.5
1 Aug, 11:15
₹15 (Today)
In FY24, Ola Electric’s revenue from operations increased by 90.42% to ₹5,009.8 crore compared to FY23. However, the company’s losses also grew, reaching ₹1,584.4 crore, up from ₹1,472 crore the previous year.
Therefore, the Grey Market Premium (GMP) for Ola Electric's IPO is hovering around ₹15-₹20 per share. This indicates a moderate level of investor interest and potential listing gains. However, the final GMP may vary as the IPO date approaches. Considering Ola IPO’s GMP predictions, it is recommended as a long-term gains stock.