Ola Electric Sets IPO Price Band At INR 72-76, Aims To Raise Over INR 6,145 Cr

Ola Electric Sets IPO Price Band At INR 72-76, Aims To Raise Over INR 6,145 Cr

SUMMARY

At the upper end of the price band, the startup is set to raise over INR 6,145.6 Cr

Ola Electric’s public offer comprises a fresh issue of shares worth INR 5,500 Cr and an OFS component of up to 8.49 Cr shares worth INR 645.6 Cr

The company’s IPO will open on August 2 and close on August 6

EV mobility startup Ola Electric has set a price band in the range of INR 72-76 per equity share for its upcoming initial public offering (IPO), which is opening for bids on Friday (August 2).

The startup is expected to raise over INR 6,145.6 Cr at the upper price band.

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