Ola Electric announces price band at Rs 72-76 for Rs 6,100 crore IPO. Check details

Bengaluru’s Ola Electric set its IPO price band at Rs 72-76 per share, to run from August 2 to August 6. The IPO involves a fresh issue of Rs 5,500 crore and a share sale worth Rs 645.56 crore. Funds are earmarked for factory expansion, debt repayment, and R&D. This marks the first IPO from an Indian EV startup.