The Ola Electric IPO will mark the first IPO by an auto company in two decades Ola Electric's upcoming IPO will mark the first time in over twenty years that an Indian automaker has made such an offering. Back in 2003, Maruti Suzuki (then known as Maruti Udyog) introduced their IPO to the market. The Ola Electric IPO is predicted to be around Rs 8,500 crore (approximately $1 billion), making it one of the top 15 IPOs in India in terms of size, according to industry data. Additionally, it is anticipated that Ola Electric will be the first electric vehicle (EV) manufacturer to list on the Indian stock exchanges. Ola Electric is set to submit the draft prospectus in the upcoming month. Sources mentioned that the offering will consist of a mix of new shares and shares sold by current investors. Notably, prominent international investors such as Temasek from Singapore and SoftBank from Japan are among the backers. The company hasn't commented on this story as it is currently in the...