– Ola Electric Mobility IPO fully subscribed on second day of bidding
– Employee section had highest subscription rate at 8.98 times
– Retail component subscribed 2.87 times, QIB portion subscribed 40%
– Initial share offer of ₹6,145 crore had lackluster interest on first day
– Price range fixed at ₹72-₹76 per equity share
– Ola Electric produces EVs and essential parts, plans to expand in India and other countries
– Earned PLI for battery production facility and models to increase profitability
– Substantial capital expenditures planned for expansion and growth
– Concerns about loss-making operations and reliance on government subsidies
– IPO includes fresh issuance of shares and offer for sale by investors and promoters
– Grey market premium for Ola Electric IPO is +2.50
– Estimated listing price indicated at ₹78.5 apiece, 3.29% higher than IPO price

Note: Views and recommendations are individual analysts’, experts’ and broking companies’, not Mint’s. Investors are advised to consult certified experts before making investment decisions.