Business: Ola IPO receives 35 percent bids on first day.

Business: Electric vehicle maker Ola has received 35 percent bids on the first day of its IPO. The quota of non-institutional investors received a 20 percent subscription. Of the 25.22 crore shares of the qualified bidders, only 1.44 lakh shares received bids. The IPO, which has been raised to Rs.6,145 crore, has been fixed at Rs 72-76 per share. The subscription will expire on the 6th of this month.