Ola Electric IPO subscribed 64% in 2 days. Check GMP and other details

August 5, 2024

Ola Electric’s IPO achieved 64% subscription on the second bidding day. Retail investor interest was significant, with 2.43 times subscription. Analysts suggested subscribing due to Ola’s market position. The company secured over Rs 2,700 crore from anchor investors like HDFC and SBI Mutual Fund. Founder Bhavish Aggarwal will offload 37.9 million shares.

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