Ola Electric IPO: A Closer Look
Ola Electric Mobility Limited is set to make its debut on the Indian stock market with its highly anticipated Initial Public Offering (IPO). The company, a pioneer in the electric vehicle (EV) segment in India, is looking to capitalize on the growing demand for sustainable transportation and expand its operations.
Key Details of the Ola Electric IPO:
- IPO Size: The IPO comprises a fresh issue of ₹5,500 crore and an offer for sale (OFS) of ₹645.56 crore.
- Price Band: The shares were priced in the range of ₹72 to ₹76 per share.
- Issue Open and Close Dates: The subscription period for the IPO was from August 2nd to August 6th, 2024.
- Allotment: The allotment of shares was expected to be finalized on August 7th, 2024.
- Listing Date: The shares were expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 9th, 2024.