Ola Electric, which has been in the news cycle for its much-awaited IPO, has unveiled three models of electric bikes - Roadster Pro, Roadster, and Roadster X, on the occassion Independence Day.
The Rs 6,145.56 crore issue received bids for 1,98,14,05,530 shares against the offered 46,51,59,451 equity shares, at a price band of Rs 72-76, according to data available on the stock exchanges.
The much-awaited initial public offering (IPO) of Ola Electric Mobility was subscribed 0.38 times at the end of Day 1. The portion reserved for the retail investors was subscribed 1.7 times, publicly available data showed.
The company has announced a price band for its IPO ranging from Rs 72 to Rs 76 per equity share, each with a face value of Rs 10. The subscription period for the IPO will run until August 06.