Ola Electric IPO Shares Surge 16% in Strong Market Debut

Ola Electric shares debut with a 16% surge, trading at Rs 88.5, up from the Rs 76 IPO price on NSE.

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The Rs 6,154-crore IPO was oversubscribed 4.27 times, reflecting strong demand from all investor categories.

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Qualified Institutional Buyers subscribed 5.31 times, while retail investors bid 3.92 times their allotment.

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Employees purchased 11.99 times their reserved shares, benefiting from a Rs 7 per share discount on the issue price.

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Ola plans to invest Rs 1,227.64 crore in expanding its cell manufacturing plant’s capacity from 5 GWh to 6.4 GWh.

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Rs 1,600 crore will be allocated to research and product development, along with Rs 350 crore for organic growth initiatives.

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Ola Electric will use Rs 800 crore from the IPO proceeds to repay existing debt, strengthening its financial position.

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Maximize growth opportunities by increasing your authorized share capital. Secure your company’s future and expand your business potential.

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Ola Electric IPO Shares Surge 16% in Strong Market Debut

Ola Electric IPO Shares Surge 16% in Strong Market Debut

Ola Electric shares debut with a 16% surge, trading at Rs 88.5, up from the Rs 76 IPO price on NSE.

Ola Electric shares debut with a 16% surge, trading at Rs 88.5, up from the Rs 76 IPO price on NSE.

The Rs 6,154-crore IPO was oversubscribed 4.27 times, reflecting strong demand from all investor categories.

The Rs 6,154-crore IPO was oversubscribed 4.27 times, reflecting strong demand from all investor categories.

Qualified Institutional Buyers subscribed 5.31 times, while retail investors bid 3.92 times their allotment.

Qualified Institutional Buyers subscribed 5.31 times, while retail investors bid 3.92 times their allotment.

Employees purchased 11.99 times their reserved shares, benefiting from a Rs 7 per share discount on the issue price.

Employees purchased 11.99 times their reserved shares, benefiting from a Rs 7 per share discount on the issue price.

Ola plans to invest Rs 1,227.64 crore in expanding its cell manufacturing plant’s capacity from 5 GWh to 6.4 GWh.

Ola plans to invest Rs 1,227.64 crore in expanding its cell manufacturing plant’s capacity from 5 GWh to 6.4 GWh.

Rs 1,600 crore will be allocated to research and product development, along with Rs 350 crore for organic growth initiatives.

Rs 1,600 crore will be allocated to research and product development, along with Rs 350 crore for organic growth initiatives.

Ola Electric will use Rs 800 crore from the IPO proceeds to repay existing debt, strengthening its financial position.

Ola Electric will use Rs 800 crore from the IPO proceeds to repay existing debt, strengthening its financial position.

Maximize growth opportunities by increasing your authorized share capital. Secure your company’s future and expand your business potential.

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