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Get ready to invest in OLA IPO, price band fixed at Rs 72 to 76
If you invest in the stock market then this news is for you. Ola Electric Mobility's IPO will open for investment on August 2. The company has today given information about the lot size along with the price band of the IPO. In June, SEBI approved the Ola IPO. The company will issue fresh issues and offer for sale shares through this IPO.
Electric two-wheeler Ola Electric Mobility is soon going to enter the stock market. In June, Ola's IPO was approved by SEBI. Now, from August 2 to August 6, bids can be placed in the company's IPO. Today, the company has also given information about the price band and lot size.
It has fixed the price band of this IPO at Rs 72-76 per share. An issue of Rs 5,500 crore will be issued in this IPO. This IPO includes an Offer for Sale along with a fresh issue. The face value of this IPO is Rs 10. Under OFS, promoter Bhavish Aggarwal, along with SoftBank, Temasek, and Matrix Partners India, will sell their shares.
Anchor investors can only take part in the bidding process in the IPO on August 1, 2024. The company has fixed the lot size of the IPO at 195 shares. This means that the investor will have to apply for a minimum of 195 equity shares. The company has announced a discount of Rs 7 per share on the offer price for eligible staff members.
