Electric car (EV) firm Ola Electric has filed a Draft Red Herring Prospectus (DRHP) with capital markets regulator the Securities and Exchange Board of India (SEBI) to lift funds for its preliminary public providing (IPO). The problem is a recent problem of fairness shares as much as ₹5,500 crore and a suggestion for sale (OFS) of 9,51,91,195 fairness shares at a face worth of ₹10 per fairness share.
