Ola Electric IPO to launch between 2 Aug to 6 Aug

By : 5paisa, 29 July 2024

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Founder Bhavish Aggarwal will sell 47.3 million shares.

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[{"selector":"#anim-3b3418fc-c226-40dd-a070-8010b8fb5c58 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-583ac07d-17ad-4610-922c-990d1c8d3ffe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-388b729b-cf0e-489a-8c45-435fa8387c7b","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef629e0e-c55a-4bc5-b80b-db2a0d9dd7b6","keyframes":{"transform":["translate3d(0px, -337.34256%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] It expects a post-money valuation of $4 billion to $4.25 billion.

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The issue is anticipated to be available for public subscription from August 2 to August 6.

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The investment banks involved in the sale are Kotak Mahindra Capital, Axis Capital, Goldman Sachs, ICICI Securities, Citi, BofA Securities, SBI Caps, and BoB Caps.

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