The initial public offer (IPO) of Ola Electric Mobility, India’s largest electric two-wheeler maker, is open for subscription between August 2 and August 6. The issue comprises a fresh issue of Rs 5,500 crore and an offer for sale of Rs 645.96 crore, totaling the issue size of Rs 6145.96 crore. The company has fixed the IPO price band at Rs 72 to Rs 76 per equity share. About 60 per cent of the shares were reserved for institutional investors in the IPO that were allotted under the anchor book. Ten domestic mutual funds took part in the anchor allotment and garnered Rs 1,117 crore.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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