OLA Electric IPO Details - IPO Date, Price, GMP, Analysis & Review (2024)

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OLA Electric IPO Details - IPO Date, Price, GMP, Analysis & Review? ›

"Ola Electric's EV/sales ratio of 7.2 times (FY24) appears expensive. Despite current profitability challenges and valuation concerns, we recommend a 'subscribe' rating for high-risk investors with a long-term outlook," it said.

"Ola Electric's EV/sales ratio of 7.2 times (FY24) appears expensive. Despite current profitability challenges and valuation concerns, we recommend a 'subscribe' rating for high-risk investors with a long-term outlook," it said.

What is GMP? Grey market premium or GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges. For instance, LIC fixes its IPO price at Rs 90 per share and its IPO GMP is 50, then the organisation will get listed at Rs 140.90.

The company has kept the price band between Rs 72 to Rs 76 per equity share. The allotment of shares is expected to be finalised on August 07. The listing is likely to take place on August 09 on NSE and BSE, as per the tentative schedule.

The GMP can be positive or negative. A positive GMP indicates that an IPO may perform well after listing, while a negative GMP reflects the poor performance of the IPO. A stock with a higher GMP may list at a good premium, while a stock with a lower or negative GMP may list at a discount.

On Thursday, the company mobilised ₹2,763 crore from anchor investors, including SBI Mutual Fund (MF), HDFC MF, Nippon India MF, Bharti Axa Life Insurance Company, Kotak Mahindra Life Insurance Company, Nomura India Investment Fund, Goldman Sachs (Singapore) Pte Ltd and Fidelity.

Buying an IPO can be a good idea. It's a regular practice of crossover investors who get in on the ground floor of a stock with high upside potential. They may reap the rewards at some point in the future as the stock appreciates over time.

It is a useful indicator of the listing gains an investor might make. If the GMP is high, it could mean that the share price may list at a higher price on the stock exchange. A high GMP could indicate high demand for the IPO and vice versa. However, the GMP is not always accurate, and it can be volatile.

The "cut-off price" in an IPO is the price determined based on evaluation of the company's financials, market conditions, and demand for its shares. It is the price at which investors can place bids for shares during the IPO subscription period.

Who is the parent company of OLA Electric IPO? ›

OLA Electric, founded in 2017, is the EV arm of ANI Technologies, the parent company of OLA Cabs. The company's mission is to ensure that clean mobility solutions are accessible and affordable to the masses. OLA Electric has seen significant growth over the past few years.

What are some of the upcoming IPOs in 2024-25? Different types of upcoming IPOs will be listed in 2024-25. Some of them are as follows: Indegene Ltd IPO, Aadhar housing Finance IPO, TBO Tek IPO, Ola IPO, Snapdeal IPO, Fabindia Limited IPO, MobiKwik IPO, Ixigo IPO, Go Airlines IPO etc.

These include SBI MF, HDFC MF, Nippon MF, Templeton Global, Nomura, Amundi, Jupiter Global and Goldman Sachs. Ola's IPO, the biggest in the domestic markets in over two years, closes on Tuesday. The Softbank-backed Ola has set the price band of Rs 72-76 per share for its maiden share sale.

The GMP does not directly affect the actual IPO price. However, knowing the GMP rate can help an investor predict at what price the IPO might be traded.

The IPO GMP (IPO Grey Market Premium) refers to the difference between the IPO's issue price and its trading price in the grey market. Before an IPO officially hits the stock exchanges for public trading, there is a period during which unofficial trading of the IPO shares takes place in the grey market.

One of the most cited indicators of success is the “first day pop”—i.e., the increase between a company's opening and closing trading prices. This phenomenon, known as underpricing, reveals the extent to which a stock's IPO price is undervalued.

Will an electric scooter ever replace my car? Owning an electric scooter is clearly a strong investment as a means of transportation, but the benefits of ownership go beyond the great value that they provide. Your electric scooter will likely cost below ten percent of what you would pay for a new car.

Ola, founded by Bhavish Aggarwal, will use a major chunk of the IPO proceeds to invest in its in-house cell manufacturing which will be used to power its own scooters.