The Inside Details Of The Ola Electric IPO: What's On Offer?

Bengaluru-based Ola Electric Mobility Ltd. has priced its initial public offer at Rs 72-76 per share, valuing the company at Rs 33,522 crore, a steep discount to the fund raise valuation in December 2023. The electric scooter maker will open its IPO on Aug. 2 and close on Aug. 6. Anchor book for the offer will open on Aug. 1. In December 2023, Ola Electric raised Rs 1,163.20 crore in Series E funding at a valuation of Rs 47,932 crore, or $5.7 billion, that valued the company share at close to Rs 130 apiece. The IPO pricing values the EV maker at $4 billion, nearly 30% discount to the last round of funding.

#ola #ipo #stockmarket


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