Ola Electric IPO: Key Details and Insights

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Ola Electric IPO opens for subscription on August 2, 2024, and closes on August 6, 2024.

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Total issue size of the IPO is ₹6,145.56 crores, combining fresh issue and offer for sale.

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Price band set at ₹72 to ₹76 per share with a minimum lot size of 195 shares.

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Ola Electric IPO listing date is tentatively set for August 9, 2024, on BSE and NSE.

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Key investors: QIB (75% of the net issue), Retail (10%), and NII (15%).

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Promoter of Ola Electric: Bhavish Aggarwal, holding 85.77% pre-issue.

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Ola Electric's revenue in FY 2023 was ₹5,243.27 crore, an 88.42% increase from FY 2022.

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Financial highlights: Total assets ₹7,735.41 crore, net worth ₹2,019.34 crore as of March 31, 2024.

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Invest in Ola Electric IPO to capitalize on India's growing EV market and technological advancements.

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