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Ola Prepares for IPO, Schedules EGM for November 14

  • Ola is progressing towards its IPO, scheduling an EGM for November 14.
  • This follows Ola Electric's public listing, marking the second company under Bhavish Aggarwal's leadership to go public.
  • The company is expected to file a draft red herring prospectus in the coming weeks.

Source: Entrackr

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Ola Electric IPO Registers 4.3X Demand

  • 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...