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Bengaluru-based Ola Electric is all set to become the first Indian two-wheeler EV maker to list on the Bombay Stock Exchange as it will open IPO for retail subscription from August 2 to August 6, 2024.

The IPO is likely to value the company between $4.2 billion and $4.4 billion.

Founder Bhavish Aggarwal will sell 37.9 million shares in the IPO. Investors, including 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.

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Ola Electric IPO launch August 2 2024 electric mobility Rs 5 500 crore anchor investor bidding IPO close date August 6 2024 listing date BSE NSE August 9 2024 valuation market share e-scooters Ather Energy TVS Motors Bajaj Auto IPO News Stock market Electric Vehicles EV industry Ola Electric IPO investment opportunities Financial News business updates