Ola Electric IPO: The IPO for Ola Electric Mobility is set to open on August 2.

Ola Electric IPO: Ola, which delivered its first EV scooter in December 2021, has consistently reported strong revenue, although it is still operating at a loss. For the financial year ending in March 2024, the company’s net loss has increased to ₹1,584.4 crore, up from ₹1,472 crore in the previous financial year.

 Ola Electric Mobility IPO : The IPO of electric vehicle manufacturing company Ola Electric Mobility is going to open on August 2. Under this IPO, new shares worth Rs 5500 crore will be issued. Apart from this, 8.49 crore equity shares will be sold under Offer for Sale (OFS). The price band for the public issue will be announced on July 29. Investors will have the opportunity to invest till August 6. This issue will open for one day on August 1 for Acre investors.

Bhavish Aggarwal will sell 3.79 crore shares in Ola Electric IPO

As part of the OFS, promoter Bhavish Aggarwal will sell 3.79 crore and Indus Trust 41.79 lakh equity shares. Additionally, the largest shareholder in the company is SVF II with 21.98 per cent stake. 2.38 by Ostrich (DE) LLC

Crore shares will be sold.