Overview

• Ola Electric aims to raise funds through an IPO priced at 72-76 rupees per share.
• The IPO will run from August 1 to August 6, with shares expected to start trading on August 9.
• Major investors like Fidelity, Nomura, and Norges Bank are expected to participate.
• The company plans to use proceeds for capital expenditure, R&D, and debt repayment.
• Ola Electric leads India's e-scooter market with a 46% share despite recent sales goal adjustments.