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