Ola Electric IPO opens for subscription on August 2, 2024, and closes on August 6, 2024.
Total issue size of the IPO is ₹6,145.56 crores, combining fresh issue and offer for sale.
Price band set at ₹72 to ₹76 per share with a minimum lot size of 195 shares.
Ola Electric IPO listing date is tentatively set for August 9, 2024, on BSE and NSE.
Key investors: QIB (75% of the net issue), Retail (10%), and NII (15%).
Promoter of Ola Electric: Bhavish Aggarwal, holding 85.77% pre-issue.
Ola Electric's revenue in FY 2023 was ₹5,243.27 crore, an 88.42% increase from FY 2022.
Financial highlights: Total assets ₹7,735.41 crore, net worth ₹2,019.34 crore as of March 31, 2024.
Invest in Ola Electric IPO to capitalize on India's growing EV market and technological advancements.