Ola IPO: Jackpot for Tiger & Z47

Tiger Global and Z47 (formerly Matrix Partners India), which bet on Ola Electric Mobility at a very early stage, are set to make multibagger returns, with the company pricing its initial public offering (IPO) at a price band of Rs 72-76 per share.

At the upper end of the band, founder and promoter Bhavish Aggarwal’s 36.94% stake in the company is worth Rs 10,350 crore. Aggarwal will offload 37.9 million of his total holding of 1,361.9 million shares.