The stock had listed flat to its initial offer price at 76 rupees on the National Stock Exchange
Aggarwal, 38, added $1.4 billion to his wealth after shares of his SoftBank Group Corp.-backed Ola Electric jumped 16 per cent
The shares of Ola Electric are scheduled to be allotted today. Once the allotment is finalised, investors can check the allotment status by visiting the official website of BSE or Link Intime India
Shares of Akums Drugs and Pharmaceuticals rose over 17 per cent during their trading debut on Tuesday
The electric two-wheeler maker has already allotted 364 million shares - worth Rs 2,763 crore - to anchor investors at Rs 76 apiece, the top end of the price band
The subscription window for the Ola Electric IPO, which is available at a price band of Rs 72-76 apiece, closes on Tuesday, August 6, 2024
A GMP is the premium amount at which IPO shares are traded before they are listed on the stock exchanges. This also indicates investor sentiment towards public issues
A day earlier, Ola Electric allotted 364 million shares worth Rs 2,763 crore to anchor investors at Rs 76 apiece, the top end of the price band
Hyundai Motor Company's 108.8 million equity shares or 2.95% stake is valued at $99 million at the highest price band of Rs 76 per share
Investors can bid for the Ola Electric IPO until it closes on Tuesday, 6 August 2024
Ola Electric IPO, which opens for subscription today, will be available at a price band of Rs 72-76 per share with a lot size of 195 shares
Investors include SBI MF, Templeton, Amundi, Goldman Sachs
Several brokerage firms, including LKP Securities, Anand Rathi Research Team, and Kunvarji Wealth Solutions, have shared their outlook on India's first EV startup company's IPO ahead of its opening
The country's largest electric two-wheeler player is going for the biggest IPO of the year so far, aiming to raise Rs 6,146 crore
Hyun Shik Park, with over 36 years at LG, leads Ola Electric's Gigafactory operations. He earned Rs 8.7 crore in FY24, surpassing founder Bhavish Aggarwal
Bhavish Aggarwal currently holds 36.94 per cent of the issued, subscribed, and paid-up equity share capital of the company on a fully diluted basis
As investors await the subscription window to open, here are the 10 key points taken from the Red Herring Prospectus (RHP) of SoftBank-backed Ola Electric IPO
According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic 2W registrations in FY24 to 41-56 per cent of domestic 2W sales volume by FY28
He believes this IPO is a key step in the company's long-term plan
Today, the MCD launched an anti-encroachment drive in the Old Rajinder Nagar area of Delhi after three young IAS aspirants died at a coaching centre flooded by rainwater.