Business News : Ola Electric IPO Listing: Today is a big day for Ola Electric and the company's investors. One of this year's most talked about IPOs, Ola Electric's IPO, will enter its next stage today. Yes, Ola Electric will be listed in the stock market today. This IPO opened on 2 August and closed on 6 August. However, the company's IPO did not get the expected support. Ola Electric's IPO got only 4.5 times the subscription.

Ola Electric had fixed the price band between Rs 72 and Rs 76

Ola Electric had fixed a price band of Rs 72 to Rs 76 for each share for its IPO. The company is raising Rs 6,145.56 crore through this IPO. The investors who applied for the IPO were allotted shares on Wednesday, August 7. After that, the company will be listed today, i.e., Friday, 9 August.

There is no enthusiasm about the company's shares in the grey market

As we have already told you that Ola Electric's IPO did not get the kind of support from investors that was expected. Hence, there is no enthusiasm for the company's shares, even in the grey market. According to various websites that track the grey market premium, i.e., the GMP price of shares, Ola Electric shares are traded at a premium of -3 rupees.

At what price can the company's shares be listed in the stock market

The company's shares are trading at a discount of Rs 3 in the grey market. In this regard, the listing of Ola Electric shares can be at Rs 73, Rs 3 less than the upper level of Rs 76 of the price band fixed by the company.