– Ola Electric Mobility Ltd’s IPO will hit the D-Street on August 2 with a price range of ₹72 to ₹26
– The IPO includes an offer for sale of 84.94 million shares and a new issue of ₹5,500 crore
– Promoters Bhavish Aggarwal and Indus Trust will sell equity shares in the OFS
– Net proceeds will be used for research, product development, paying down debt, and organic growth
– 75% of shares are reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors
– The company has various subsidiaries and is focused on EV manufacturing and technology
– The E2W industry in India is expected to grow significantly in the coming years
– Ola is building an EV hub in Tamil Nadu and has released various scooter and motorbike models
– PAT decreased by -7.63% while sales increased by 88.42% between March 31, 2024, and March 31, 2023
– Anchor investors have lock-in periods for allocated equity shares
– Investors are advised to consult with experts before making investment decisions