Investors rush to find anchor in Ola Electric IPO; local, foreign cos sign up for likely $350m book

Ola Electric's IPO, opening August 2, has drawn significant interest from domestic and international investors, valuing the company at nearly $4 billion. The IPO includes $5,500 crore from fresh shares and 85 million shares for sale. CEO Bhavish Aggarwal will reduce his stake to 37%. The listing is expected on August 9.