Ola Electric's IPO opens Aug 2 with a price band of ₹72-76/share. Discount for eligible employees.
Ola Electric's $740 million IPO is the first by an Indian electric vehicle manufacturer.
Eligible employees can bid at a ₹7/share discount in the Ola Electric IPO.
Subscriptions open Aug 1 for anchors, Aug 2-6 for the public. Retail investors get 10% reservation.
Reports indicate strong interest from Fidelity, Nomura, Norges Bank, and Indian mutual funds.
Funds will be used for capital expenditure and research and development in Ola Electric.
Founder Bhavish Aggarwal and others to offload $80 million worth of shares.