ओला इलेक्ट्रिक का IPO 2 अगस्त को ओपन होगा: 6 अगस्त तक बिडिंग कर सकेंगे निवेशक, प्राइस बैंड ₹72-₹76

Ola Electric Mobility’s Initial Public Offer i.e. IPO will open on August 2. Investors will be able to bid for it till August 6. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 9. With this, it will become the first listed electric two-wheeler company.

Through this issue, the company wants to raise ₹6,145.56 crores. For this, the company is issuing 723,684,210 fresh shares worth ₹5,500 crores. Whereas, the existing investors of the company are selling 84,941,997 shares worth ₹645.56 crores through Offer for Sale i.e. OFS.

The company has fixed the IPO price band at ₹72-₹76
Ola Electric has fixed the price band of its IPO at ₹72-₹76. Retail investors can bid for a minimum of one lot i.e. 195 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹76, then you will have to invest ₹14,820 for it.

10% of the issue is reserved for retail investors
The company has reserved 75% of the issue for qualified institutional buyers (QIB). Apart from this, about 10% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).

Last month, SEBI gave approval to Ola Electric to launch IPO
The Securities Exchange Board of India (SEBI) last month approved Ola Electric to launch an IPO. Ola is India’s largest electric two-wheeler manufacturer. The Bengaluru-based company filed a draft red herring prospectus (DRHP) for the IPO with SEBI on December 22, 2023.

According to the DRHP, Ola Electric had proposed to sell 9.52 million shares through an offer for sale and raise Rs 5,500 crore by issuing new shares. The company’s founder Bhavesh Aggarwal alone is going to sell 4.73 crore shares.

What is DRHP?
DRHP is a document that contains essential information about the company planning an IPO. It is filed with SEBI. It contains important information about the company’s finances, its promoters, risks of investing in the company, reasons for raising funds, how the funds will be used, among other things.

What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.