Bengaluru-based Ola Electric Mobility has set a price band of Rs 72-76 per share for its IPO, which will open for subscription on Friday, August 2. This values the company at Rs 33,522 crore or $4 billion, marking a 30% decrease from its December 2023 valuation of Rs 47,932 crore or $5.7 billion. The IPO aims to raise Rs 6,145.6 crore through a combination of fresh issue and offer-for-sale.
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