Ola Electric IPO

Any insight into what the price band would be?

12mo ago

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by CosmicTacoGrapevine

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 ...

2.9K

by CosmicTacoGrapevine

The public offering of Ola Electric was oversubscribed by 4.3 times on Tuesday, August 6, the final day of the issue. The company is raising Rs 6,145 crore ($732 million).
There was high interest from existing employees, who subscrib...

by CosmicTacoGrapevine

Ola Electric, known for its e-scooters, has set a price band of Rs 72-76 per share for its IPO, translating to a market cap of $3.8-4 billion, which is 25% lower than its 2023 valuation of $5.4 billion. This drop means late-stage inves...

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