Ola Electric Sets IPO Price Band

31 Jul 2024 CW Team

Ola Electric has announced the price band for its initial public offering (IPO), setting it between ?72 and ?76 per share. The IPO is a significant step for the electric vehicle manufacturer as it prepares to expand its operations and scale up production at its upcoming Gigafactory.

The Gigafactory, scheduled to commence operations in early 2025, represents a major investment in Ola Electric?s growth and production capabilities. The factory will be pivotal in meeting the increasing demand for electric vehicles (EVs) and supporting the company's goal of becoming a leading player in the global EV market.

Ola Electric's IPO aims to raise substantial capital to fund its expansion plans, including the development of the Gigafactory and other strategic initiatives. The company is focusing on increasing its production capacity and enhancing its product offerings to capture a larger share of the rapidly growing electric vehicle sector.

The pricing range for the IPO reflects Ola Electric?s ambition to attract investors and raise the necessary funds for its expansion. The IPO is expected to generate significant interest from both institutional and retail investors, given the growing momentum in the EV industry and the company?s plans for future growth.

Ola Electric?s move to go public comes at a time when the EV market is experiencing robust growth, driven by increasing environmental awareness and supportive government policies. The successful launch of the IPO and the subsequent operationalization of the Gigafactory will be key to Ola Electric?s strategy to solidify its market position and drive innovation in the electric mobility space.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..