Jobaaj Stories
Ola Electric will begin its initial public offering (IPO), which will be a major occasion for both the business and possible investors. A book-based offering worth Rs 6,145.56 crore is being offered in this IPO.
Funds will be raised for the IPO in two phases. The first component will generate revenue of Rs 5,500 crore through the fresh offering of 72.37 crore shares. An offer to sell 8.49 crore shares or a total of Rs 645.56 crore, is made in the second section. This combination gives current owners the chance to sell a part of their holdings while also enabling Ola Electric to raise a sizeable sum of money.
📢Mainboard IPO - First 🥇Day
— IPO Ji ® (@ipoji_) August 2, 2024
📍Ola Electric Mobility Limited 🛵 IPO
📢Mainboard IPO - Second 🥈 Day
📍 Ceigall India Limited 🛣️ IPO
You can APPLY & Check Live Subscription with complete 💯 Details available on IPO Ji App 📱and Website 🌐
IPO Ji Website 🌐:… pic.twitter.com/efb5UEOui7
August 2, 2024, is when the IPO subscription period starts and ends on August 6, 2024. Ola Electric will be listed on the BSE and NSE, with a provisional listing date of August 9, 2024. The shares are anticipated to be allotted on August 7, 2024.
The price range for the initial public offering is ₹72–₹76 per share. The minimum lot size for regular investors is 195 shares, which means that a minimum investment of ₹14,820 is required. The minimum investment for smaller non-institutional investors (sNII) is ₹207,480, or 14 lots (2,730 shares). The minimum investment for larger non-institutional investors (bNII) is ₹1,007,760, or 68 lots (13,260 shares).
In India, Ola Electric is a significant player in the electric vehicle (EV) industry. They plan to invest in new technology, increase their manufacturing capacity, and improve their product offerings with the money they obtain from the initial public offering (IPO). Ola Electric hopes to strengthen its position and speed up its growth in the quickly changing EV sector by going public.
Ola Electric is finally coming out with an IPO on 2nd Aug.
— AC Agarwal (@acagarwal_in) July 31, 2024
We have read the entire RHP and documented the important details for you like Company Details, Product Portfolio, Industry Overview, etc. 👇
THREAD 🧵🧵 pic.twitter.com/9EfGtwS7wk
The IPO of Ola Electric offers investors a great chance to participate in the expanding electric car sector. Ola Electric is well-positioned to make a significant impact because of its well-established brand and defined expansion strategy. If you intend to take part in this historic IPO, pay attention to the important dates and think carefully about the investment specifics.
