Ola Electric IPO: This company is going to join the stock market soon, preparing vigorously to bring IPO
Upcoming IPO: You must have heard a lot about IPO in the stock market. All companies launch their IPO from time to time. If you also want to invest in the stock market, then let us tell you that Ola is going to bring an IPO soon.
Ola Electric is preparing to bring its initial public offer (IPO) in early 2024. For this, talks have started to hire Kotak Mahindra Capital Company and Goldman Sachs as partners. The government is going to end the subsidy on electric vehicles next year.
The company is planning to get listed on the stock exchanges. The company said that in May, a meeting was held with several domestic and foreign investment banks regarding the IPO. So far no deadline has been fixed regarding this. But it is believed that Ola Electric may launch Oepo next year.
The company plans to appoint Kotak Mahindra Capital and Goldman Sachs as financial advisors in the meeting. Ola Electric is also planning to rope in at least two more investment banks for the same. The company has engaged Amarchand Mangaldas as legal advisor for the IPO.
According to the Electric Mobility Report released in April, Ola Electric has seen three times more sales in the business year 2022-2023 (FY23). Ola's market share has increased to 30 percent by the March quarter. Ola is followed by Okinawa, Ampere, Ather, and Hero in the Indian market.
You must have heard about IPO many times. Whenever someone wants to invest in the stock market, they check the IPO of the company. IPO is called Initial Public Offering. When a company offers its shares to the public for the first time, it is called an IPO. It can be said that every private company works in many sectors.
When companies need funds, they get themselves listed in the stock market. For this, it issues an IPO to the public. After the release of the IPO, the company gets listed on the stock market. Investors then buy and sell shares.
