<p>Sydney: Ola Electric has priced the institutional portion of its initial public offering (IPO) at 76 rupees ($0.9076) per share to raise $330 million, according to a term sheet seen by <em>Reuters</em>.</p>.<p>The electric scooter maker plans to raise $734 million in the deal which will be the largest Indian IPO so far in 2024.</p>.Ola Electric IPO plans to raise Rs 6,100 crore.<p>The institutional portion of the IPO received bids worth more than $2 billion, <em>Reuters</em> reported on Thursday.</p>.<p>Bidding for retail investors and eligible employees opens on Friday and closes on Tuesday. ($1 = 83.7380 Indian rupees) </p>
<p>Sydney: Ola Electric has priced the institutional portion of its initial public offering (IPO) at 76 rupees ($0.9076) per share to raise $330 million, according to a term sheet seen by <em>Reuters</em>.</p>.<p>The electric scooter maker plans to raise $734 million in the deal which will be the largest Indian IPO so far in 2024.</p>.Ola Electric IPO plans to raise Rs 6,100 crore.<p>The institutional portion of the IPO received bids worth more than $2 billion, <em>Reuters</em> reported on Thursday.</p>.<p>Bidding for retail investors and eligible employees opens on Friday and closes on Tuesday. ($1 = 83.7380 Indian rupees) </p>