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Ola Electric IPO coming soon, company will raise Rs 5500 crore
Ola Electric IPO: The country's leading 2-wheeler electric company Ola Electric will soon launch its IPO. The company has also submitted draft papers for this to the market capital regulator SEBI. In its IPO, Ola Electric is going to make a fresh issue of equity shares worth up to Rs 5500 crore and an offer (OFS) of 9.52 crore equity shares to promoters and investors.
Electric two-vehicle company Ola Electric is preparing to raise funds through an IPO. The company submitted the draft papers of the IPO to the market regulator SEBI on Friday. After 20 years, any vehicle maker company in the country is raising funds through IPO.
According to the draft red herring prospectus (DRHP) filed by Ola Electric, the company is planning a fresh issue of equity shares worth up to Rs 5,500 crore and an offer for sale (OFS) of up to 9.52 crore equity shares by promoters and investors.
Ola Electric's equity shares will be listed on BSE and NSE. Along with this, the company book-running lead managers are Kotak Mahindra Capital Company, Citigroup Global Markets India, BofA Securities India, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, SBI Capital Markets, and BOB Capital Markets.
