– OLA Electric IPO bidding closes on August 06
– Issue subscribed 1.12 times as of August 05
– Retail buyers subscribed over 3 times more than offered shares
– IPO opened on August 02 to raise Rs 6,145.56 crore
– Shares were trading at over 3% premium in grey market
– Price band set between Rs 72 to Rs 76 per equity share
– Allotment of shares expected on August 07, listing on August 09
– Retail buyer needs to apply for at least 195 shares
– Reservation of shares for employees at a discount
– Various investment and market share challenges highlighted in IPO note
– Book-running lead managers of IPO include Kotak Mahindra Capital Company, BofA Securities India, Axis Capital, and others
– US Embassy organized US-India Cancer Moonshot Dialogue to enhance research collaboration and develop cancer treatment solutions.