Ola Electric IPO opens. Should you subscribe to the biggest issue this year?

Ola Electric's initial public offering opens on August 1, 2023, featuring a fresh equity sale of Rs 5,500 crore and an offer for sale of 8.4 crore shares. Analysts recommended subscribing due to Ola's market leadership in electric two-wheelers. The IPO price band was set at Rs 72-76 per share. The issue closes on August 6, 2023.