{"id":838916,"date":"2024-07-30T10:28:51","date_gmt":"2024-07-30T04:58:51","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=838916"},"modified":"2024-07-30T10:28:51","modified_gmt":"2024-07-30T04:58:51","slug":"ola-electric-lowered-ipo-price-because-of-this-reason-ceo-bhavish-aggarwal-says","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/30\/ola-electric-lowered-ipo-price-because-of-this-reason-ceo-bhavish-aggarwal-says\/","title":{"rendered":"Ola Electric lowered IPO price because of this reason, CEO Bhavish Aggarwal says"},"content":{"rendered":"<p>Ola Electric founder and chief executive Bhavish Aggarwal said the company attempted to make its IPO more attractive for investors by lowering the issue&#8217;s valuation compared with its last private round. The \u20b96,146 crore IPO, the largest so far this years, is now at a 25% discount to Ola Electric\u2019s previous valuation of $5.4 billion.<\/p>\n<p>Bhavish Aggarwal told Economic Times, \u201cWe are four-five years old and have scaled significantly. I wanted to make sure we price it attractively for the entire investor community in India. It&#8217;s a journey of significance for the country \u2014 we&#8217;re doing EVs, cells, India manufacturing, cutting-edge manufacturing. Hence, we represent a lot of themes that the future of the Indian economy is built on. The response from investors has been very encouraging.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric founder and chief executive Bhavish Aggarwal said the company attempted to make its IPO more attractive for investors by lowering the issue&#8217;s valuation compared with its last private round. The \u20b96,146 crore IPO, the largest so far this years, is now at a 25% discount to Ola Electric\u2019s previous valuation of $5.4 billion. Bhavish Aggarwal told Economic Times, \u201cWe are four-five years old and have scaled significantly. I wanted to make sure we price it attractively for the entire investor community in India. It&#8217;s a journey of significance for the country \u2014 we&#8217;re doing EVs, cells, India manufacturing, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,51,4],"tags":[],"class_list":["post-838916","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-it-2-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=838916"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838916\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=838916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=838916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=838916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}