Published: Aug 07, 2024, 05:15 IST | Updated: Aug 07, 2024, 05:15 IST
World Business Watch Aug 07, 2024, 05:15 IST
OLA Electric IPO oversubscribed 4.3 times, raising $1.8 billion
OLA Electric, India's leading electric scooter manufacturer, successfully concluded its initial public offering on Tuesday. The offering garnered $1.8 billion in bids, oversubscribing 4.3 times. With this, OLA Electric's valuation touched $4 billion, marking a 25 percent decline from its previous funding round. This makes it the largest IPO in India for 2024.