Ola Electric's IPO receives $2 billion worth of bids from big institutions: report

SBI and HDFC Mutual Funds were allocated shares worth $30-$36 million each, while Nomura and Norges Bank were allocated $24 million each. Ola Electric's Rs 6,146-crore IPO will open for subscription on August 2. The company, India's largest two-wheeler maker, has set the price band for the issue at Rs 72-76 apiece.
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