India's Ola Electric announces price range for $734m IPO

India's Ola Electric announces price range for $734m IPO

A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah/File Photo

SoftBank-backed Indian e-scooter maker Ola Electric said on Monday it would offer shares priced in a range from 72 rupees to 76 rupees ($0.86-$0.91) in a $734-million listing that will be this year’s biggest domestic IPO.