Ola Electric Share Price: Strong fall in Ola Electric's share, stock went down by 5 percent, know why there was a big crash…

Ola Electric Share Price: Once again the stock market opened with a decline on Tuesday. Sensex opened with a fall of 240 points at 78542, while Nifty opened with a fall of 79 points at 23917.

Meanwhile, in today's early trade, Ola Electric shares have fallen by a huge 5 percent. Actually, this decline has been recorded due to the end of the 90 day lock-in period of anchor investors.

Ola Electric Share Price: 5 percent decline

On Tuesday, shares of Ola Electric fell five per cent to Rs 76.88 from its previous closing price of Rs 80.84. Let us tell you that the anchor lock-in period for 50% shares of Ola Electric Mobility i.e. about 18.18 crore or 4% of the company's outstanding shares ended on Tuesday, November 5.

90 lock-in-period

The end of the 90-day anchor lock-in period means that 18.18 crore Ola Electric shares locked by anchor investors are now available for trading in the market.

However, it is important to note that the end of the lock-in period does not mean that all these shares will be sold. These shares are only eligible for trading. Let us tell you that earlier on 9th September the lock-in-period of 1 month had ended.

It is known that shares purchased by anchor investors in an IPO are subject to a lock-in period. A total of 50% of the shares allotted to anchor investors are locked for 30 days and the remaining 50% of the shares are locked for 90 days from the grant date.

Ola Electric Share Price: IPO was opened on 2nd August

Let us tell you that the IPO was opened on August 2 and Rs 6,145.56 crore was raised from the primary market. A day before the IPO opened, the bank had raised Rs 2,763 crore from anchor investors by allotting 36.35 crore shares to various factor and institutional investors at an upper price of Rs 76 per share.