“Maruti and Zee are two names I can bet on. And I can tell you Maruti is going to new highs by the end of the year and so is Zee at new highs. The day you get this resolution by the Supreme Court, this stock is going to be Rs 350 and maybe Rs 400 over the next six months.”
Ola Electric is set to launch its IPO, making it the first auto maker in India to do so in over two decades. With an expected size of around INR 8,500 crore, it will be one of the top 15 IPOs in India. Ola Electric is also poised to become the first pure play electric vehicle manufacturer to list on the Indian stock exchanges. The IPO will include fresh equity and offers for sale by existing investors, including Temasek and SoftBank. The funds raised will be used to accelerate the development of an EV manufacturing unit .
Ola Electric expects to publicly list by the end of fiscal year 2024 and is looking to raise between $700 million and $800 million (Rs 5,836.3 crore to Rs 6,670.1 crore) at a $7-8 billion valuation (Rs 58,363 crore to Rs 66,701 crore), people in the know told ET.
Ola Electric is set to launch its IPO, making it the first auto maker in India to do so in over two decades. With an expected size of around Rs 8,500 crore, it will be one of the top 15 IPOs in India. Ola Electric is also poised to become the first pure play electric vehicle manufacturer to list on the Indian stock exchanges. The IPO will include fresh equity and offers for sale by existing investors, including Temasek and SoftBank. The funds raised will be used to accelerate the development of an EV manufacturing unit .