Upcoming IPO You will 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 me tell you that Ola is going to launch an IPO soon.
Ola Electric is preparing to launch its Initial Public Offer (IPO) in early 2024. For this, Kotak Mahindra Capital Company and Goldman Sachs have started the process of hiring. The government is going to end subsidies on electric vehicles next year.
The company is planning to be listed in the stock markets. The company said that in May, a meeting was held with several domestic and foreign investment banks regarding the IPO. So far no time limit has been set for this. But it is believed that next year Ola Electric may launch Oepo.
These include investment banks
The company is planning to appoint Kotak Mahindra Capital and Goldman Sachs as financial advisors in the meeting. Ola Electric is also planning to involve at least two more investment banks along with this. The company has engaged Amarchand Mangaldas (Cyril Amarchand Mangaldas) as legal advisors for the IPO.
What is Ola’s report?
According to the Electric Mobility Report released in April, Ola Electric is set to witness a three-fold increase in sales in the financial year 2022-2023 (FY23). By the March quarter, Ola’s market share has increased to 30 percent. In the Indian market, Ola is followed by Okinawa, Ampere, Aether, and Hero.
Kya Hota Hai IPO? (What Is IPO)
You must have heard about IPO many times. Whenever someone wants to invest in the stock market, they check the company’s IPO. 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 list themselves in the stock market. For this, it issues an IPO for the public. After the IPO is issued, the company gets listed in the stock market. Investors then buy and sell shares.
