Ola Cabs IPO: Ola Cabs' IPO is also coming, size will be more than Rs 4 thousand crores

Ola Cabs, a company providing app based cab services, is going to launch its IPO soon. It is being claimed in the news that the IPO of Ola Cabs can be launched in the next three months and the company can try to raise more than Rs 4 thousand crore in its first public offer. Ola Cabs may have an IPO

In a Reuters report, quoting sources, it has been said that Ola Cabs is planning to raise $ 500 million through IPO in the next three months. In this plan to raise funds from the primary market, Ola Cabs can get a valuation of $ 5 billion. This means that the size of the proposed IPO of Ola Cabs could be $ 500 million (about Rs 4,168 crore in Indian currency).

Ola is in talks with these banks

The report claims that Ola Cabs has started preparations for its proposed IPO. For this, Ola Cabs' parent company ANI Technologies is in talks with various investment banks. The company may finalize the lead banker for its initial public offer in the next two to three weeks. The investment banks with which Ola is in talks include Bank of America, Goldman Sachs, Citi Bank, Kotak Mahindra Bank and Axis Bank.

Preparations for IPO were also made in 2021

The cab company has already tried to launch an IPO. Ola had earlier planned to launch an IPO in 2021. At that time the company planned to raise Rs 8,300 crore from the IPO. However, later the company had to cancel the IPO plan. In 2021, there were huge IPOs of many new age tech companies. However, due to poor market sentiment, the performance of many of them had waned, due to which the proposed IPOs of many other companies were cancelled.

Proposed IPO of Ola Electric

If the IPO of Ola Cabs is finalized then it could be the IPO of another company of the group. Ola Electric, which manufactures electric scooters, has already prepared to launch an IPO and has filed the draft of the IPO with the market regulator SEBI. Ola Electric had filed a draft with SEBI in December 2023 and had said that it plans to launch an IPO of around Rs 7,250 crore.

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