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Ola's IPO was 35% subscribed on the first day of bidding. There is one more day of bidding to go. More than 150 companies have raised nearly $5 billion on India's booming stock market so far this ...
Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank ...
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
NEW DELHI (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its initial public offering (IPO), around 16%-20% lower than the ...
Ola Consumer, formerly Ola Cabs, is an Indian transportation company that provides ride-hailing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, and operates in 250+ Indian cities. A variety of venture capitalists including Softbank have large stakes in the company. [4]
Ola Electric: Consumer goods Automobiles Bengaluru: 2017 Motorcycles, electric vehicles P A Omega Seiki Mobility: Consumer goods Automobiles New Delhi: 2018 Automotive, electric vehicles P A OMPL: Energy Integrated oil & gas Mangalore: 2006 Oil exploration and production S A One97 Communications: Technology Consumer digital services Noida: 2000
Ola Electric's $734 million IPO is India's biggest so far in 2024. The company is the leading player in a country where adoption of EVs is still low, but rising, as Prime Minister Narendra Modi's ...
NSE EMERGE [2] is the National Stock Exchange of India's new initiative for small and medium-sized enterprises and startup companies from India. [3] These companies can get listed on NSE without Initial public offering (IPO).