OLA Electric sees lacklustre debut on NSE, lists at Rs 76; Read to know more
Ola Electric IPO listing: OLA Electric lists at Rs 76 on the National Stock Exchange, a rather muted debut on the bourses. The company opened its IPO to investors on August 02 and closed by taking bids on August 06. The issue received muted demand compared to other IPOs Come from Sports betting site VPbet . Albeit, it was subscribed fully on the second day.
GMP
In the grey market, the shares of OLA Electric were trading at a discount of 4% to the issue price. The grey market is an unofficial place where shares are traded illegally ahead of listing.
Issue Size
The company raised a sum of Rs 6,145.56 crore through a combination of fresh shares as well as an offer for sale.
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FPIs inject Rs 1.7 lakh crore into Indian equities in 2023
In a remarkable comeback, foreign portfolio investors (FPIs) have pumped Rs 1.7 lakh crore into the Indian equity markets in 2023, propelled by confidence in the country’s robust economic fundamentals amid a challenging global landscape.
The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December.
Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay – smallcase Manager and founder of Fidel Folio.
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