Ola Electric prices IPO at Rs 72-76 per share

Electric two-wheeler maker Ola Electric’s Initial Public Offering—the biggest by an Indian company so far in 2024– will open for subscription on August 2 and close on August 6. The company has set the price band for the Rs6,146 crore issue at Rs72-76 apiece.

The IPO—the first by an electric vehicle manufacturer– comprises a fresh issue of Rs 5,500 crore and an offer for sale of 8.49 crore shares. Bids can be made for a minimum of 197 shares and multiples thereafter.