Tekne Private News Today

The Indian entrepreneurship success story will soon see one more company debuting on the public markets. Ola Electric, the electric vehicle (EV) company, has become the first such firm that has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for its initial public offering (IPO). This is a fresh issue of equity shares of up to Rs 5,500 crore and an offer for sale (OFS) of more than 95 million equity shares at a face value of Rs 10.

The company is looking to raise up to Rs 5,500 crore through fresh issue of shares, with an offer-for-sale (OFS) component of 95.2 million shares.

Ola Electric: The company is looking to raise up to INR 5,500 crore through fresh issue of shares, with an offer-for-sale (OFS) component of 95.2 million shares.