Issue to open for retail subscription on August 2

Ola Electric IPO: Issue to open for retail subscription on August 2, valuation expected at $4.4 billion Electric two-wheeler maker Ola Electric will open its initial public offering (IPO) for retail subscription on August 2, the company said in a filing with the Securities and Exchange Board of India (SEBI) on July 27. The public offering is likely to value the company between $4.2 billion and $4.4 billion. Ola Electric IPO will close for retail subscriptions on August 6, the final IPO prospectus filing showed. The offering will open for institutional investors a day earlier on August 1. The Softbank-backed company’s founder Bhavish Aggarwal will offload 37.9 million shares in the IPO, the documents disclosed. The firm’s investors AlphaWave, Alpine, DIG Investment, Matrix, and others will also be selling 47.89 million shares via the OFS as per the draft filing with the regulator. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuYnVzaW5lc3N0b2RheS5pbiUyRm1hcmtldHMlMkZpcG8tY29ybmVyJTJGc3RvcnklMkZvbGEtZWxlY3RyaWMtaXBvLWlzc3VlLXRvLW9wZW4tZm9yLXJldGFpbC1zdWJzY3JpcHRpb24tb24tYXVndXN0LTItdmFsdWF0aW9uLWV4cGVjdGVkLWF0LTQ0LWJpbGxpb24tNDM5MDUyLTIwMjQtMDctMjc=)  In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)