Ola Electric IPO subscription Live Updates: E2W maker raises ₹2,763 cr from anchor investors ahead of issue opening

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₹72 to ₹76 per equity share of face value of ₹10. The company received ₹2,763 crore from major investors prior to the start of the IPO subscription period on Thursday, August 1.

Since the state-owned Life Insurance Corp (LIC) of India's ₹21,000 crore IPO in May 2022, Ola Electric's ₹6,146 crore IPO is the largest. The IPO consists of an offer for sale (OFS) of 8.49 crore equity shares valued at ₹645.56 crore at the higher end of the price range by investors and promoters, in addition to a new issue of equity shares up to ₹5,500 crore.

Under the OFS, Ola Electric's founder, Bhavish Aggarwal, will sell around 3.8 crore shares.Stay tuned to our Ola Electric IPO Live blog for all the latest updates on subscription status.Ola Electric Mobility IPO GMP today or grey market premium is +13. This indicates Ola Electric share price were trading at a premium of ₹13 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Ola Electric share price was indicated at ₹89 apiece, which is 17.11% higher than the IPO price of ₹76.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!