Ola Electric Mobility Stock Lists at Rs 76 on NSE

• Ola Electric Mobility shares debuted on August 9, trading at Rs 76, matching the IPO issue price.
• The Rs 6,154-crore public offer, a mix of fresh issue and offer-for-sale, was subscribed 4.27 times.
• Employees showed strong participation, purchasing 11.99 times the reserved portion.
• The company plans to invest Rs 1,227.64 crore to expand its cell manufacturing capacity and allocate funds for debt repayment, research, and organic growth.
• Both QIBs and retail investors demonstrated robust interest, with QIBs subscribing 5.31 times and retail investors 3.92 times their allotments.

Source: Moneycontrol