Understanding Ola IPO GMP

[Informative Blogs]

Ola is India’s largest mobility platform and was founded in 2010. With operations in more than 250 locations around the UK, New Zealand, Australia, and India, it is one of the largest ride-hailing companies in the world. According to a recent article in LiveMint, Ola IPO GMP is expected to go public in 2024, which would place its valuation between $7 billion and $8 billion.

Ola Electric IPO GMP is expected to be valued at around Rs 8,500 crore (approximately $1 billion), making it one of the top 15 offerings in India in terms of size. This IPO is even more significant because Ola Electric IPO GMP today will be the first pure-play EV manufacturer to list on the Indian stock exchanges. It will also be the first IPO by an automaker in India in over 20 years. It also includes Ola Electric GMP (the electric vehicle arm) and Ola Fleet Technologies (India’s most significant fleet management business).

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