By Reuters | Updated: August 5, 2024
BENGALURU, Aug 5 (Reuters) – Ola Electric’s (OLAE.NS), opens new tab $734 million initial public offering (IPO) was fully subscribed on the second day of bids for shares in the Indian electric scooter maker.
The SoftBank-backed company’s IPO, the first by an electric vehicle maker in India and also the country’s biggest this year, received bids for about 490.6 million shares, exceeding the 465.2 million on offer, exchange data showed on Monday.
@ Thomson Reuters 2024
