Ola Electric announced its IPO to be finalized on Wednesday, August 7, 2024, and allotment of shares on Thursday, August 8, 2024, i.e. today. Since Ola Electric’s IPO was over-subscribed ahead of its closing date, the IPO investors are inquisitive to check the status of the IPO allotment. Despite multiple ways and options for IPO allotment, the investors seem to be perplexed and disoriented about choosing the right option to check their Ola Electric IPO allotment status. However, this process can be done both online and offline. In case you are also scrambling to the web regarding the allotment status of Ola Electric IPO, then this article will assist you regarding the same. Be sticky with this page and go through it to the end. Drag down the page.
The allotment status was finalized on August 7, 2024, and the process of initiating refunds to the IPO investors who were not allotted the issued shares of Ola Electric will be done on Thursday, August 8, 2024, on the same day the shares will also be credited to the IPO investors in their Demat accounts. Kindly note that the listing of Ola Electric IPO is scheduled to be on Friday, August 9, 2024. These three dates are important for all the Ola Electric IPO investors, especially for those who are selected for the allotment. But how to check the allotment status always remains a lingering question for the investors.
The IPO investors can check their investment status online on the Linkintime website, Demat account, and bank account. Reportedly, the IPO of Ola Electric was subscribed 4.45 times while the overall QIB is 5.53 times, NII is 2.51 times, and Retail is 4.05 times. It is expected that Ola Electric will generate a capital of Rs 6,145.56 crores through IPO. The price band of Ola Electric IPO was fixed at Rs 72 to Rs 76 per equity share and this IPO will be listed on NSE and BSE. The basis of Ola Electric IPO allotment is said to be around 1:4 for the retail investors.
Let’s get back to the process of checking the allotment status of Ola Electric IPO. The first method is LinkIntime where you first need to Log In to the Ola Electric IPO allotment page on Linkintime.com and select OLA Electric from the drop-down menu. You will be asked to proceed further with your PAN Number, DP ID Option, or Application Number, after selecting your preferred choice, then enter your PAN Number, Application Number, or Demat Account Number. Check your Ola Electric IPO allotment status by clicking on the search button. Scroll down the page.
The second method to check the allotment status of Ola Electric IPO is a Demat account. This process is quite simple than the previous one. You need to call your broker or you can log in to your Demat account where you need to check if the stock is credited to your account or not. If you have been selected for the allotment you will see shares in your Demat account.
The third method to check Ola Electric’s IPO allotment status is through the bank account. From which bank you applied for the Ola Electric IPO, log in to the bank account and navigate to the balance section. If the amount is credited back to your bank account then you did not get the allotment and if the amount is debited from your bank account then you got the allotment. A message for the debited amount will also land on your mobile phone. Stay tuned to this website for further updates and more information.
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