Ola Electric IPO to open for retail subscription on August 2 at about $4.4 billion valuation

Indian electric scooter maker Ola Electric's initial public offering will open for retail subscription on Friday, the company said in a filing with the stock market regulator on Saturday. The Bhavish Aggarwal-led electric vehicle firm is expected to raise Rs 5,500 crore in fresh capital via the IPO, apart from the offer-for-sale (OFS) component.