Ola Electric IPO Fully Subscribed on Day 2, Retail Section Leads

At Rs 6,146 crore, it's India's largest IPO this year and the first by an EV maker.

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Retail section oversubscribed by 2.87 times; employee section by 8.98 times.

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IPO funds will go to R&D, product innovation, and expanding cell production.

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IPO price range set between Rs 72 and Rs 76 per share, closing on August 6.

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Founded in 2017, Ola Electric has quickly emerged as a major EV market player.

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Ola Electric IPO Fully Subscribed on Day 2, Retail Section Leads

At Rs 6,146 crore, it's India's largest IPO this year and the first by an EV maker.

Biggest IPO of 2024

Retail section oversubscribed by 2.87 times; employee section by 8.98 times.

Retail Investors Drive Demand

IPO funds will go to R&D, product innovation, and expanding cell production.

Funds to Boost Innovation and Growth

IPO price range set between Rs 72 and Rs 76 per share, closing on August 6.

IPO Price Band

Founded in 2017, Ola Electric has quickly emerged as a major EV market player.

A Major Step for Ola Electric