31 of the 44 companies that got listed so far in the current calendar year are trading above their listing price.
The price band of the issue has been fixed at Rs 2,080-2,150 per share with a face value of Rs 1 per share.
On the upper end of the price band, the issue is valued at a P/B (Price to book value) of 31.89x based on FY21 book value
Ola is working with select banks, including Citigroup Inc and Kotak Mahindra Bank Ltd, to manage the public offering
Go Airlines also plans to raise up to Rs 1,500 crore by way of a pre-IPO placement
The Rs 1,213.33-crore IPO received bids for 3,80,33,730 shares against 71,12,099 shares on offer
The company plans to Rs 525 crore via fresh equity. Promoters and investors will be selling up to 4.3 crore shares via offer for sale.
Proceeds from the issue would be utilised towards repayment or pre-payment of borrowing and general corporate purposes
The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data