OLA ELECTRIC Limited Files DRHP with SEBI

Business News & Trends
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Ola electric plans to raise 5500 Cr. via the IPO and an offer for sale (OFS) of 9.52 crore equity shares by promoters and investors. It was last valued at $5.5 billion in October when it raised $384 million including about $240 million in debt from Temasek and State Bank of India.

Financials FY23
Revenue - 2782.7 cr
Loss - 1462.1 cr

Q1 FY24
Revenue - 1278.7 cr
Loss - 267.2 cr

Ola electric is the first EV company to come with an IPO! What are your thoughts on the IPO?

P.s: Here is list of all automobile companies - List of Automobile Stocks - All Companies in Automobile Sector | Dhan

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Not very inclined to apply in IPO and will wait how market reacts to it!

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I think it will be subscribed enough, but cash out on the listing day.

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