Ola Electric To File IPO Papers Before December 20

Ola Electric To File IPO Papers Before December 20

SUMMARY

The Bhavish Aggarwal-led EV manufacturer is aiming to file its DRHP ahead of the year-end holidays when bankers and financial market participants traditionally take a break

Ola Electric is adopting an aggressive retail strategy, such as product launches at discounted rates and price reductions on existing offerings, aiming to fortify its market share before going public

Ola Electric’s net loss almost doubled to INR 1,472 Cr in FY23 from Rs INR 784.1 Cr in the previous fiscal year on the back of the company’s rising expenses

Bhavish Aggarwal-led Ola Electric is reportedly planning to file its draft red herring prospectus (DRHP) in the next two weeks as it gears up to go public early next year.

The EV unicorn is adopting an aggressive retail strategy, such as product launches at discounted rates and price reductions on existing offerings, aiming to fortify its market share before going public, Mint reported.

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