Ola Electric IPO Allotment Expected Today: Here’s How To Easily Check It

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Ola Electric IPO Allotment Status (Image Source: Times Now Digital)

Ola Electric IPO Allocation:The Initial Public Offering (IPO) of Ola Electric Mobility Limited has been completed and investors are now waiting for the allotment results which are expected to be finalized today on August 7, 2024. Investors are curious to know how to check the allotment status online. Here is how you can check it in a few steps.

Ola Electric IPO: How to check allotment status online?

To check the IPO allotment status online, investors can visit the BSE website or the official portal of the registrar. Link Intime India Private Ltd handles IPO registration.

Ola Electric IPO Share Allocation Status: How to Check It?

Below are the steps to check your Link Intime assignment status:

Visit the Link Intime India website.
From the drop-down menu, select “Ola Electric Mobility Limited.”
Choose between PAN, Application Number, DP/Client ID or Account Number/IFSC.
Enter the required details depending on your selection.
Click “Submit” to check the status of your assignment.

Ola Electric IPO: Subscription Dates

Subscriptions for the IPO were open from August 2 to 6.

Ola Electric IPO: Listing Date

The allotment of shares in the public offering is likely to take place today, with the listing of shares scheduled for August 9.

Ola Electric IPO: When will investors receive shares in their Demat account?

The company plans to finalize the basis of allotment today and allocate shares to the escrow accounts of the winning bidders on August 8.

When will investors get their money back?

Investors whose offers are not accepted will receive their money back on the same day.

Ola Electric IPO: GMP today

As of today, the Grey Market premium for Ola Electric stock is negative, showing a discount of Rs 3 per share. This means that the stock is currently trading at a discount in the grey market.

Ola Electric IPO: Subscription Dates

The public offering of Ola Electric began on August 2 and ended on August 6.

Ola Electric IPO: Price Range

The price of the shares offered to the public was in the range of Rs 72-76 per share.

Ola Electric IPO: OFS

The amount includes a fresh issue of 72.37 crore equity shares worth Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore shares worth Rs 645.56 crore. The shares will be listed on both the BSE and the NSE.