Ola Electric IPO: EV Startup Raises INR 2,763 Cr From Anchor Investors

Ola Electric IPO: EV Startup Raises INR 2,763 Cr From Anchor Investors

SUMMARY

The startup raised INR 2,763 Cr from anchor investors at INR 76 per equity share

Investors like SBI, HDFC, Nippon Life, Nomura Asset Management, Government Pension Fund of Norway, and Fidelity participated in the anchor round

Ola Electric has set a price band of INR 72-76 per equity share for its IPO, which will close on August 6

Bhavish Aggarwal-led Ola Electric has raised INR 2,763 Cr from anchor investors at INR 76 per equity share. 

The electric vehicle (EV) startup, whose initial public offering (IPO) will open on Friday (August 2), allotted 36.35 Cr shares to 84 anchor investors.  

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