Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO

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Ola Electric Gets SEBI Nod

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IPO Details

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Regulatory Confirmation

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Filing History

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Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO

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Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO

Ola Electric Gets SEBI Nod

Ola Electric, led by Bhavish Aggarwal, receives SEBI approval for IPO, targeting a listing within a month.

IPO Details

The IPO will include a fresh issue of INR 5,500 Cr and an offer for sale of up to 9.51 Cr shares.

Regulatory Confirmation

Official SEBI confirmation expected soon; last update on June 7 indicated the DRHP was under process.

Filing History

Ola Electric filed its draft red herring prospectus (DRHP) in December last year.

Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO