Allotment for the Ola Electric IPO is expected to be finalised on Wednesday after the subscription window closed On Tuesday.

If you applied for the IPO, here is how you can check the IPO allotment status.

Checking Allotment Status on Registrar’s Website:

1. Visit the registrar’s website.
2. Click on “Company Selection” and choose "Ola Electric” from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Click Submit to retrieve the Ola Electric IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the "Equity" section and select “Ola Electric” from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the "Search" button.
5. The result will show the number of shares allotted to you.

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Ola Electric IPO Subscription Status

The Ola Electric IPO was subscribed 4.45 times in total. The public issue was subscribed 4.05 times in the retail category, 5.53 times in the qualified institutional buyers (QIBs) section, and 2.51 times in the non-institutional investors (NIIs) portion.

Ola Electric IPO GMP

The grey market premium (GMP) for Ola Electric IPO currently suggests a discounted listing for the electric mobility firm. The estimated listing price for Ola Electric IPO at the current GMP is ₹73, which represents a 4% discount to the IPO price of ₹76 per share.

Ola Electric IPO Details

Ola Electric IPO opened for public subscription on Friday, August 2, and closed on Tuesday, August 6. It is expected to be listed on the BSE and NSE on August 9.

Ola Electric’s IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 195 Shares. The minimum amount of investment required by retail investors is ₹14,820.

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