2024-08-06 03:30:30
New Delhi: The IPO of Ola Electric, India’s leading electric two-wheeler manufacturer, has opened for investment from today. Japanese company Softbank Group has invested heavily in this company. Softbank founder Masayoshi Son is among the top 150 richest people in the world. According to Bloomberg’s Billionaire Index, he owns assets worth $15.4 billion. With so much wealth, he is ranked 131st in the list of the richest people in the world. Masayoshi’s wealth has fallen tremendously in the last two days. The main reason for this decline is a decision by the Bank of Japan. This decision of the Bank of Japan led to a huge decline in Japanese stocks, which also reduced Masayoshi’s wealth.
Actually, the Bank of Japan has increased interest rates. This has affected the Japanese stock market, causing a decline in the shares of SoftBank Group Corp. Due to this decline, Masayoshi’s wealth has decreased by $ 2.5 billion (about Rs 22 thousand crores). Japan’s stock market fell by 6.7 percent on Friday morning. In two days, this company has fallen by about 13%. This is the biggest decline in Japanese stocks since 2020.
Ola Electric IPO: The biggest IPO of the year is opening today, know what GMP is indicating
How much has SoftBank invested in Ola?
Japan’s Softbank company has invested money in many Indian companies. Softbank has a large stake in Ola. In the year 2019, Softbank invested about Rs 1725 crore in Ola. According to documents filed with SEBI, Softbank has invested about Rs 4161 crore in Ola Electric so far. Apart from Ola, Softbank has invested Rs 2824 crore in FirstCry and about Rs 100 crore in Unicommerce.
Ola’s IPO subscribed 35% on the first day
Ola’s IPO was subscribed 35 percent on the first day on Friday. You can invest in it till August 6. The company had raised Rs 2763 crore from anchor investors on August 1. The price band of the IPO is Rs 72-76 per share. There are 195 shares in one lot. For this, investors will have to invest Rs 14,820. According to market analysts, the current GMP of Ola Electric in the unlisted market is Rs 12 to 13 (about 15 percent).