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'IPO attractively priced...Ola just getting started'
Business Standard|July 30, 2024
Ola's $4 billion valuation is much less than what was reported earlier.
'IPO attractively priced...Ola just getting started'

Have you scaled back the valuations?

I think the numbers that were reported were speculation; we never put out a number. Sometimes these speculations build on themselves. But then we had a choice and we chose to actually keep the IPO very attractively priced. For us, this is a long-term journey, and this company is just getting started. We want the entire investor community's participation and support behind this company.

What is the feedback that you've got at this price?

We interacted with many investors and there's been a lot of interest. I can't share specific details. The overall feedback has been very positive on our story and our progress as a company.

After the listing, the promoter holding in the company will drop to 37 per cent. Do you see it falling further or have you put a hard stop?

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'IPO attractively priced...Ola just getting started'
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