Ola IPO waits to cross the line ; FirstCry's anchor book sets off

Quick Summary:

In FY24, the company had revenues from operations of Rs 6,480 crore and net loss of Rs 321 crore.

As Ola is a loss-making company, 75 per cent of its issue is reserved for QIBs as against 50 per cent for IPOs of profit-making companies.

Softbank-backed Ola has set the price band of Rs 72-76 per share for its maiden share sale.

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Article Details

Category: BusinessFinance

Markets: IndiaSaudi ArabiaSingapore

Topics: FirstCry Companies IPO Initial public offerings Ola Ola electric motors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 11:25:37 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21951465

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