According to BSE data, the Rs 6,146-crore Ola Electric Mobility initial public offering (IPO) was subscribed more than four times by the time it closed on Tuesday. The IPO's employee part had the highest subscription rate, at nearly twelve times.
About four times as many people subscribed to the retail section as to the non-institutional investors segment (2.4 times). Five times as many people subscribed for the section designated for eligible institutional purchasers. On August 2, the offering went up for bids, with a price range of Rs 72–76 per share.
Important Information for Investors to Understand the OLA Electric IPOA prominent participant in the EV industry, OLA Electric planned its initial public offering (IPO) for August 2024 with the goal of raising $6,000 crore to fund business expansion and product enhancement. The company's objective is to make clean transportation accessible and affordable, and its rise has been attributable to strong sales of electric scooters and the expansion of charging infrastructure.
With an IPO price range of Rs 440–465 per share, Brainbees Solutions, the parent company of FirstCry, hopes to raise Rs 4,194 crore.FirstCry's parent company, Brainbees Solutions Ltd., announced the pricing range for its Initial Public Offering (IPO) at Rs 440–465 per share with the goal of raising Rs 4,194 crore. New equity shares and an offer for sale by current shareholders are both included in the IPO. The public can subscribe to the IPO between August 6 and August 8, 2023.
FirstCrys's Rs 4,193 crore initial public offering is scheduled to launch on August 6.FirstCry's owner, Brainbees Solutions, made its debut on D-street with an IPO valued at Rs 4,193 crore. The company's goal was to raise, less than first projected, Rs 1,666 crore through new shares. Prominent stockholders such as Mahindra & Mahindra and SoftBank took part in the sale offer. Despite the company's present net losses, FirstCry's CEO prioritized sustainability and long-term profitability.
.jpg)