The Ola Electric IPO, which closed on August 6, was oversubscribed by 4.26 times due to strong demand from institutional and retail investors. Ahead of the IPO, the company raised over Rs 2,700 crore from anchor investors such as Nomura and HDFC Mutual Fund. While the company’s vision and R&D investments are well-regarded, its ongoing financial losses are a concern.
| Subscribe To Our Free Newsletter |
