Ola IPO: Opportunity to earn money again in the stock market! These two companies are preparing to bring IPO
Share Market Tips: Bengaluru-based Ola Electric introduced its first EV two-wheeler model in August 2021. Apart from manufacturing electric two-wheelers, it also manufactures battery packs and motors for them.
Upcoming IPO: If you also invest in the stock market through IPO, then this news will make you happy. Yes, electric two-wheeler manufacturer Ola Electric and pharmaceutical company Emcure Pharmaceuticals have got approval from market regulator SEBI to bring Initial Price Offering (IPO) to raise funds. According to the information available on SEBI's website, the draft documents related to the IPO of both the companies have been approved on June 10.
This simply means that now both the companies can move forward towards bringing their respective IPOs. In the proposed IPO of Ola Electric, apart from issuing new shares worth Rs 5,500 crore, 9.52 crore equity shares held by promoters and investors will be offered for sale.
Bengaluru-based Ola Electric introduced its first EV two-wheeler model in August 2021. Apart from manufacturing electric two-wheelers, it also manufactures battery packs and motors for them.
In the IPO of pharmaceutical sector company Emcure Pharmaceuticals, along with issuing new shares worth Rs 800 crore, 1.36 crore equity shares held by the promoters will also be offered for sale. The amount raised from the IPO will be used for loan repayment and general company operations.