Ola Electric IPO subscribed 16% so far on first day of bidding process. Check GMP and other details

Ola Electric's IPO saw 16% subscription in the initial two hours, driven by retail investors. With a fresh issue of Rs 5,500 crore, founder Bhavish Aggarwal will sell 37.9 million shares. Analysts are positive on the IPO due to Ola's market leadership in electric two-wheelers in India. The price band is set between Rs 72-76 per share.