Ahmedabad, July 30, Ola Electric Mobility Limited’s Initial Public Offering to open on Friday, August 02.
According to a statement issued by the company here today Bengaluru-based Ola Electric Mobility Limited, a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components, has fixed the price band of Rs 72/- to Rs 76/- per Equity Share of face value Rs 10/- each for its maiden initial public offer. The Initial Public Offering (“IPO”) of the Company will open on Friday, August 02, 2024, for subscription and close on Tuesday, August 06 Investors can bid for a minimum of 195 Equity Shares and in multiples of 195 Equity Shares thereafter.
The IPO consists of fresh issue of equity shares aggregating up to Rs 55,000 million and an offer for sale (OFS) of up to 84,941,997 equity shares by the Promoter Selling Shareholder, the Promoter Group Selling Shareholder and the Investor Selling Shareholders. The offer also includes a reservation for eligible employees.