India, Aug. 9 -- Ola Electric made a stock market debut with a flat listing today (August 9). The company's shares on the BSE listed at INR 75.99 apiece as against its IPO issue price of INR 76.

On the NSE, its shares opened flat at INR 76 apiece.

On the final day of bidding, the company's public issue was oversubscribed 4.27X, with the strongest interest received from qualified institutional buyers (QIBs).

It is pertinent to note, that Ola Electric's public issue opened for retail subscription on August 2 and closed on August 6, witnessing a strong interest from QIBs.

The IPO received bids for 198.79 Cr shares as against 46.51 Cr equity shares on offer. Of these, the QIBs bid for 134.03 Cr shares.

The QIBs were allotted 25.23 Cr sha...