Ola Electric Mobility will launch its IPO on August 2, featuring a fresh issue of shares worth Rs 5,500 crore and an offer-for-sale of 8.49 crore equity shares. The price band will be announced on July 29, with the IPO closing on August 6. The anchor book will open on August 1. Promoters Bhavish Aggarwal and Indus Trust will sell 3.79 crore and 41.79 lakh shares, respectively.