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HomeResearchOla Electric’s Billion-Dollar EV Ride - Is Sales Enough To Ease IPO Pricing, Valuation Fears?
09 Jan 2024 · Research

Ola Electric’s Billion-Dollar EV Ride - Is Sales Enough To Ease IPO Pricing, Valuation Fears?

Ola Electric’s Billion-Dollar EV Ride - Is Sales Enough To Ease IPO Pricing, Valuation Fears?

Umesh Chandra Paliwal, Cofounder of UnlistedZone, Latest Article in Inc 42 wherein he said that the Ola Electric IPO is expected to see a valuation of around $6 Bn-$7 Bn. Given the favorable market conditions for IPOs in 2024, fundraising at such valuations seems feasible. He expects the company’s bankers to price the IPO at around INR 130-INR 150 to attract large subscription bids.

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