img

Ola Electric, India's largest electric two-wheeler (e2W) maker, on Thursday allotted 364 million shares to anchor investors to mop up Rs 2,763 crore. The allotment was made at Rs 76 apiece of its price band. the top-end

Ola's Rs 6,146 crore IPO, the biggest since the Rs 21,000 crore IPO of the state-owned LIC in May 2022, opens for subscription on Friday and closes on Tuesday. The anchor allotment was made to over 80 domestic as well as foreign funds.

SBI Mutual Fund and HDFC Mutual Fund take nearly 20% of the anchor book

Anchors have subscribed to about 45% of the Rs 6,145 crore IPO

--Advertisement--

Ola Electric Anchor Investors Rs 2 763 crore electric vehicle IPO Ola Electric IPO E2W maker Indian Startups Business News Funding Investment Electric Two-Wheeler Ola Electric Mobility IPO Subscription Anchor Book Share Allotment.