Ola Electric's IPO attracts $2b worth of bids from institutional investors: report

Ola Electric's IPO attracts $2b worth of bids from institutional investors: report

A man walks past the logo of Ola Electric during a press conference ahead of it's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas/ File Photo

Ola Electric‘s IPO drew bids worth over $2 billion from institutions ahead of its opening for retail investors, with shares allocated to Nomura, Norges Bank and some Indian mutual funds, a source with direct knowledge said.