Ola Electric IPO: A policy that dividend stock investors may like to know

livemint.com:

Ola Electric IPO: SoftBank Group-backed e-scooter maker company filed DRHP (Draft Red Herring Prospectus) with market regulator Securities and Exchange Board of India (SEBI) on Friday last week. The proposed public issue includes a fresh equity share release of up to ₹5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of ₹10 per equity share.

In this over crowded primary market, imvestors are eagerly waiting for announcement of Ola Electric IPO price band, valuations and other details. However, an information in DRHP related to the dividend payment history of the company might attract those investors who buy stocks with eyes on company's capital reserves.

For such investors, income from other than stock rally matters as they earn from various announcements like dividends, bonus shares, stock split, buyback of shares. etc.

Also Read: Ola IPO: Bumpy road or a smooth ride ahead for investors? The public company has made it clear in its DRHP that it hasn't paid dividend to its shareholders in last three financial years and the first three months of the current financial year. Informing about dividend history, Ola Electric has mentioned in its DRHP, "Our Company has not declared and paid any dividend in the three Fiscals and the three-months period ended June 30, 2023 preceding the date of this Draft Red Herring Prospectus and the period from July 1, 2023 until the date of this Draft Red Herring Prospectus." Also Read: Ola Electric IPO: Issue details, objectives, risk factors & more; Check 10 key things to know from DRHP "There is no guarantee that any dividends will be declared or paid in the future," SoftBank Group-backed e-scooter maker company adds in the DRHP filed with SEBI.