Page 13 - Ola Electric Mobility

Sensex, Nifty fall today on global worries but IPO GMPs remain steady

A GMP is the premium amount at which IPO shares are traded before they are listed on the stock exchanges. This also indicates investor sentiment towards public issues

E2W maker Ola Electric IPO subscribed 35% so far on the opening day

A day earlier, Ola Electric allotted 364 million shares worth Rs 2,763 crore to anchor investors at Rs 76 apiece, the top end of the price band

Ola Electric's $734 million IPO to fetch nearly $100 mn to Hyundai Motor

Hyundai Motor Company's 108.8 million equity shares or 2.95% stake is valued at $99 million at the highest price band of Rs 76 per share

Ola Electric IPO Day 1: Subscription rise; Check today's GMP, other details

Investors can bid for the Ola Electric IPO until it closes on Tuesday, 6 August 2024

Ola Electric IPO opens today: GMP signals upside potential; Analysts weigh

Ola Electric IPO, which opens for subscription today, will be available at a price band of Rs 72-76 per share with a lot size of 195 shares

Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors

Investors include SBI MF, Templeton, Amundi, Goldman Sachs

Ola Electric IPO GMP soars: Will it ride the tide? Check brokerage calls

Several brokerage firms, including LKP Securities, Anand Rathi Research Team, and Kunvarji Wealth Solutions, have shared their outlook on India's first EV startup company's IPO ahead of its opening

Ola Electric to focus sharply on two-wheelers, cars not on agenda

The country's largest electric two-wheeler player is going for the biggest IPO of the year so far, aiming to raise Rs 6,146 crore

Who's Hyun Shik Park, Ola Electric's top earner, eclipsing Bhavish Aggarwal

Hyun Shik Park, with over 36 years at LG, leads Ola Electric's Gigafactory operations. He earned Rs 8.7 crore in FY24, surpassing founder Bhavish Aggarwal

Bhavish Aggarwal may cash in Rs 288-cr gain from Ola Electric IPO; Details

Bhavish Aggarwal currently holds 36.94 per cent of the issued, subscribed, and paid-up equity share capital of the company on a fully diluted basis

Ola Electric IPO: 10 key points to know from India's 1st EV startup RHP

As investors await the subscription window to open, here are the 10 key points taken from the Red Herring Prospectus (RHP) of SoftBank-backed Ola Electric IPO

Ola Electric's IPO price out! How does it stack up against listed peers?

According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic 2W registrations in FY24 to 41-56 per cent of domestic 2W sales volume by FY28

In future, we will have a few more listings from group: Ola Electric CEO

He believes this IPO is a key step in the company's long-term plan

Delhi coaching centre tragedy, Ola Electric IPO, Kanwar yatra

Today, the MCD launched an anti-encroachment drive in the Old Rajinder Nagar area of Delhi after three young IAS aspirants died at a coaching centre flooded by rainwater.

OLA Electric IPO subscription opening soon; what you need to know

The OLA Electric IPO is set to open for subscription soon. Watch the video for essential details on the offering

Ola Electric's IPO to attract investor bids from Fidelity, Nomura

Ola Electric's roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker

Ola Electric sets price band of Rs 72-76 per share in one of biggest IPO

Ola Electric's roughly $740 million IPO will be the first by an Indian electric vehicle maker

Bhavish Aggarwal's Ola Electric IPO worth Rs 5,500 cr to open on August 2

Ola Electric IPO price band to be announced on Monday

Ola Electric Mobility to launch IPO on August 2 to raise Rs 5,500 crore

Electric two-wheeler company Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D. The initial share sale will conclude on August 6, and the bidding for anchor investors will open for a day on August 1, according to the red herring prospectus (RHP). The company's proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares by promoters and investors, the prospectus showed. Under the OFS, Ola Electric founder Bhavish Aggarwal will offload almost 3.8 crore shares. The price band of the company's maiden public issue will be announced on Monday. For Ola Electric, the IPO will provide the much-needed impetus to invest in enhancing cell manufacturing capacity and research and development on future technologies and products. According to its prospectus, Ola

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares