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

, By INC42
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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).

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

Ola Electric’s public offer comprises a fresh issue of shares worth up to INR 5,500 Cr and an offer-for-sale component of up to 8.49 Cr shares worth INR 645.6 Cr. The company’s IPO will close on August 6. 

The anchor bidding is starting on August 1. The bid lot of the IPO is 195 shares. Its IPO will have 75% allocation towards qualified institutional buyers (QIBs), 10% towards retail, and 15% towards the non-institutional investor (NII) category. 

(The story will be updated soon)





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

, By INC42
Tech


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).

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

Ola Electric’s public offer comprises a fresh issue of shares worth up to INR 5,500 Cr and an offer-for-sale component of up to 8.49 Cr shares worth INR 645.6 Cr. The company’s IPO will close on August 6. 

The anchor bidding is starting on August 1. The bid lot of the IPO is 195 shares. Its IPO will have 75% allocation towards qualified institutional buyers (QIBs), 10% towards retail, and 15% towards the non-institutional investor (NII) category. 

(The story will be updated soon)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Trading Platform Dhan’s Parent Eyes Unicorn Tag With $100 Mn Funding
Next News
MapMyIndia Accuses Ola Of Data Theft To Build Maps, Sends Notice
INC42
INC42

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