Ola Electric’s IPO receives $2 billion worth of bids from big institutions: report

Ola Electric received more than $2 billion worth of bids for $330 million quota reserved for big institutions for its much-awaited initial public offering (IPO), Reuters reported.

SBI and HDFC Mutual Funds were allocated shares worth $30-$36 million each, while Nomura and Norges Bank were allocated $24 million each, the report added.