Ola IPO: A chance to make money again in the stock market! These two companies are preparing to bring IPOs

Share Market Tips: Bengaluru-based Ola Electric introduced its first EV two-wheeler model in August, 2021. Apart from making electric two-wheelers, it also manufactures battery packs and motors for them.

Upcoming IPO: If you also invest in the stock market through IPO, then this news will make you happy. Yes, electric two-wheeler manufacturer Ola Electric and pharmaceutical company Emcure Pharmaceuticals have received approval from market regulator SEBI to bring an initial price offering (IPO) to raise finance. According to information available on Sebi's website, the draft documents related to the IPO of both companies have been approved on June 10.

The plan to issue new shares worth Rs 5500 crore simply means that now both companies can move towards bringing their IPO. The proposed IPO of Ola Electric will comprise an offer for sale of 9.52 crore equity shares held by promoters and investors, besides issuing fresh shares worth Rs 5,500 crore. Bengaluru-based Ola Electric introduced its first EV two-wheeler model in August 2021. Apart from making electric two-wheelers, it also manufactures battery packs and motors for them.

The initial public offering (IPO) of pharmaceutical sector firm Emcure Pharmaceuticals will include fresh issue of shares worth Rs 800 crore and an offer for sale of 1.36 crore equity shares held by promoters. The proceeds from the IPO will be used for repayment of loans and general corporate operations.