Ola Electric Mobility IPO price band announced, opens on August 2: 10 points

The initial public offering (IPO) of Ola Electric Mobility will open for subscription on August 2. The electric vehicle (EV) maker’s IPO has a price band of ₹72-76 apiece. Those who subscribe to the issue need to apply in a lot size of 195 equity shares and its multiples thereafter. The Bengaluru-based company’s IPO will close on August 6. Shares of the company will be listed on both BSE and NSE likely on August 9. Here’s everything you need to know about Ola IPO:

1. Company profile: Ola Electric Mobility, founded in 2017, is an electric vehicle company which primarily manufactures electric vehicles and certain core components for electric vehicles.