OLA India's largest EV company to issue IPO in the upcoming week, click here to know the details:

 Bhavish Aggarwal's Ola Electric is set to launch the anchor book for its highly anticipated IPO on August 1. According to the red herring prospectus submitted to the exchanges, the issue will be open to the public from August 2 to August 6.

The proposed timeline suggests that the firm, poised to be the first Indian EV two-wheeler company on Dalal Street, may list on August 9, according to various sources from the web.

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On July 24 that Ola Electric aims to raise approximately $740 million through a mix of a fresh issue and an offer for sale, seeking a post-money valuation of between $4 billion and $4.25 billion. The company is in competition with TVS Motors, Bajaj Auto, and Ather Energy.

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The investment banks handling the deal include Kotak Mahindra Capital, Axis Capital, Goldman Sachs, ICICI Securities, Citi, BofA Securities, SBI Caps, and BoB Caps. Cyril Amarchand Mangaldas is serving as the company's legal counsel.