The initial public offering (IPO) of Ola Electric has been fully subscribed on day two of bidding process on Monday. The issue was booked 35% on day one. The issue attracted bids for 49,43,85,840 shares or 1.06 times the issue size of 46,51,59,451 shares. The quota reserved for retail individual investors (RIIs) was subscribed 2.87 … Read more
Electric vehicle maker Ola Electric is planning to launch the biggest IPO of this year, by raising just over Rs 6,100 crore, later this week. The company has priced the issue in the range of Rs 72-76, valuing it around Rs 33,522 crore at the upper end. Considering the pricing for the IPO, two funds … Read more
The SoftBank-backed electric scooter maker Ola Electric is set to open its IPO for retail subscription on August 2. The public issue will open for investors a day earlier and close for retail subscriptions on August 6. Here are 10 things investors should know about the public offer: 1. Ola Electric IPO Size The Bhavish … Read more
Ola Electric is expected to launch its public offering for subscription in the next few weeks at a discounted valuation of around $4 billion, a decrease of about a fourth from its last private funding round, multiple people aware of the details said. In September 2023, Ola Electric had snagged a value of $5.4 billion … Read more
