The Bengaluru-based Ola Electric, a pure electric vehicle company in India, has fixed the price band of Rs 72 per cent to Rs 76 per share for its IPO.
The subscription for the IPO of the company opens on Friday and closes on Tuesday.
An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public for the first time.
Investors can bid for a minimum of 195 equity shares and in multiples of 195 equity shares thereafter. The minimum amount required by a retail investor to bid for Ola Electric IPO is Rs 14,820.
The IPO consists of a fresh issue of equity shares aggregating up to Rs 55,000 million (Rs 5,500 crore) and an offer for sale (OFS) of up to 84,941,997 equity shares. The shares are proposed to be listed on both BSE and NSE.
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