Ola Electric IPO: Ola Electric’s IPO is going to open for subscription from August 2. Reuters gave this information on Saturday, quoting electric scooter maker Ola Electric. Citing sources, Reuters reported that after listing, the company aims to achieve a valuation of $ 4.2 billion to $ 4.4 billion (from 35163.45 crores to 36837.90 crores in Indian currency).
Investors will be able to subscribe to Ola’s IPO till August 6
According to a Reuters report, this issue of Ola Electric will open for institutional investors a day earlier i.e. on Thursday, August 1. For the rest, the subscription of Ola Electric’s IPO will open on August 2 and close on August 6. This information has been shown in the final IPO prospectus filing. Ola founder Bhavish Aggarwal will sell 37.9 million shares in the IPO, which is about 20% less than the estimate in the draft of the IPO prospectus.
Also read: ICICI Bank Q1 Results: ICICI Bank’s net profit increased by 14.6% to Rs 11059 crore, NII increased by 7.3%
(The news is being updated..)
