A read of the draft prospectus of the Bhavish Aggarwal-led company shows us that the hurdle for startups to list on the public markets has fallen. As a regulator, SEBI cannot afford to look the other way.
Ola Electric Mobility has taken the first step towards listing on the stock exchange. The company filed the draft Red Herring prospectus with market regulator Securities and Exchange Board of India on December 22 to raise Rs 5,500 crore through a fresh issue of shares.
This is a significant event in several ways. Here's a four-year-old startup, spun out of taxi firm Ola (ANI Technologies) in 2019, that's knocking on the door of Dalal Street, a feat that usually takes companies almost twice as long. It is also the first pure electric vehicle manufacturer in India to…
author
Pradip K Saha
Pradip is co-founder of The Morning Context and leads our newsletter business. He previously worked as a staff writer at The Ken, as an assistant features editor at Mint and as an editor at the Deccan Chronicle. He works with a number of experienced newsletter authors on all topics and specialist areas. His own writing covers the gig economy, farmers caught in the crossfire of technology, global warming, and parents caught in the edtech wave. Some of his best stories emerged at the intersection of technology and human endeavor.
Editor, Newsletter
Delhi
Comments are closed.