Ola Electric Ipo

“What Bhavish has done from 2019, when our first cheque went in, to what the firm is now is phenomenal. The promise he has delivered, the EV revolution, is what is keeping people excited,” Juneja said

Ola Electric IPO fully subscribed on Day 2, retail portion booked 2.87 times

Ola Electric IPO received bids for about 494.3 million shares, exceeding the 465.2 million on offer, exchange data showed.

Ola Electric IPO garners over $2 billion worth of bids from institutions: Report

State Bank of India and HDFC Mutual Funds have been allocated shares worth around $30-36 million each in the issue while Nomura, Norges Bank allocated shares worth around $24 million each, Reuters reported

Growth story consistent, potential is very large, says Bhavish Aggarwal ahead of Ola Electric IPO

Aggarwal said that he doesn't see any slowing down of the EV story, adding that incumbents are also joining the party.

Ola Electric sets price band of Rs 72-76 a share for IPO

The issue comprises a fresh issue of Rs 5500 crore and an offer for sale of upto 84.94 million. On the upper price band, OFS comes at Rs 645.96 crore. The total issue size will be at Rs 6145.96 crore.

Super busy week ahead for primary market with 10 IPOs including Ola launch, 10 listings scheduled

The long-awaited IPO of the Softbank-backed company will finally hit Dalal Street on August 2.

Ola Electric Mobility IPO to hit Dalal Street on August 2 with fresh issue of Rs 5,500 crore

The Ola Electric Mobility IPO is a combination of a fresh issue of shares worth Rs 5,500 crore, and an offer-for-sale of 8.49 crore equity shares.

Ola Electric IPO's anchor book on August 1; Issue opens for public on August 2

On 26 July, Moneycontrol was the first to report the timeline for the Ola Electric anchor book, issue opening and listing.

Ola Electric IPO's anchor book likely on August 1; issue may launch between August 2-6 for public

As per the proposed timeline, the listing of the firm, which is set to become the first-ever Indian EV two-wheeler to drive into Dalal Street, is likely on August 9, sources added.

Ola Electric likely to set valuation at around $4.5 bn for IPO

With this, Ola Electric joins a series of startups like Mamaearth and GoDigit that went for an IPO with a valuation lower than the valuation secured from their last private equity funding rounds.

Bhavish Aggarwal on Ola Electric IPO launch: 'Still a bunch of steps to go through...''

Moneycontrol, on June 11, had reported that the electric vehicle maker had received Sebi's clearance for its IPO. The company is looking to raise Rs 7,250 crore through the IPO

IPO-bound Ola Electric slashes prices of e-scooters by up to Rs 25,000

Effective today, S1 Pro, S1 Air, and S1 X+ are now available at Rs 129,999, Rs 104,999, and Rs 84,999 respectively until the last day of this month

MC Exclusive: IPO-bound Ola Electric receives second product certification under PLI scheme

Under the scheme, Ola Electric is eligible for incentives for up to five consecutive financial years, commencing in fiscal 2023-24.

Ola Electric DRHP: Promoter's conflict of interest, mounting losses, soaring attrition among 7 things to watch out for

Ola Electric filed its Draft Red Herring Paper (DRHP) on December 22 and plans to raise Rs 7,250 crore via IPO.

Ola Electric files DRHP with Sebi; first ever by an Indian EV firm

On May 25, Moneycontrol was the first to report that Ola Electric has roped in Kotak Mahindra Capital and Goldman Sachs for an IPO in early 2024.

SoftBank-backed FirstCry, Ola Electric to file draft IPO papers in the next week

While FirstCry is likely to list only after the general election in 2024, Ola Electric's management has already begun roadshows with domestic and international investors

Ola Electric slashes sales targets ahead of planned IPO

The scaling back of Ola's targets comes ahead of its $700 million stock market debut plan, even though the SoftBank-backed company, which likens itself to Tesla in the West, continues to lead the small yet fast growing e-scooter market.

Ola Electric sees two top-level exits ahead of planned IPO

Additionally, sources have said that two more CXO-level members at the group level are also on their way out. However, Ola denied the same.

Ola Electric targeting $1.5 billion sales this year, pre-subsidy cut document shows

The figures, however, pre-date surprise cuts by the federal government to e-scooter incentives in May.

CEO Bhavish Aggarwal thinks Ola Electric is on track for an early listing

Ola Electric has sold more than 239,000 electric scooters since December 2021 and holds a 38% share in India's electric-scooter market.

Ola Electric IPO plans: Bhavish Aggarwal to hold investor meet

Ola competes with names like TVS Motors, Ather Energy and Hero Electric in India's fast expanding EV scooter space.

Ola Electric taps Kotak, Goldman Sachs for IPO, likely to hit market in early 2024

Kotak Mahindra Capital and Goldman Sachs are currently in advanced talks to be selected as financial advisors, with Kotak closely collaborating with the startup to determine the IPO's structure