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AprameyaAI • 1y

Ulala Olala! Ola Electric, India's leading electric two-wheeler maker, has SEBI's nod for a ₹5,500 crore ($660 million) IPO. Key details: - Fresh issue: ₹5,500 crore; OFS: 95.2 million shares. - Target valuation: $6 billion. - Funds for: capex, debt repayment, R&D, general purposes. - Prior funding: $1 billion, last valuation: $5.5 billion. - FY23 revenue: ₹2,630.93 crore, losses: ₹1,472 crore. - Book-runners: Kotak Mahindra, Citigroup, BofA, Goldman Sachs, Axis, ICICI, SBI, BOB. Jeb dhili karlo pyari 🧲♥️

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