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Ola Electric Sets Price Band of Rs 72-76 a Share for IPO
- Ola Electric Mobility Ltd has announced a price band of Rs 72-76 per share for its upcoming IPO, set to open for subscription on August 2.
- The IPO includes a fresh issue of Rs 5500 crore and an offer for sale of up to 84.94 million shares, with the total issue size reaching Rs 6145.96 crore.
- Promoters Bhavish Aggarwal and Indus Trust will be selling 3.79 crore and 41.79 lakh equity shares respectively in the offer for sale.
- The largest shareholder, SVF II Ostrich (DE) LLC, will offload 2.38 crore shares, reducing its stake from 21.98 percent.
- The anchor investor bidding will commence on August 1, with the issue closing on August 6, valuing the company at around Rs 33500 crore.
Source: Moneycontrol
4mo ago2.9K views
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