Ola Electric raises Rs 2,763 crore from marquee anchor investors ahead of IPO

Ola Electric secured Rs 2,763 crore from anchor investors before its IPO, with shares priced at Rs 76 each. The IPO had a strong response, oversubscribed by over 150 times. Funds from the IPO will go towards working capital, debt repayment, and corporate needs. The company's market cap is just over Rs 33,500 crore at the upper price band.