Published : August 6, 2024
Ola Electric Mobility Limited was established in 2017 with the primary goal of producing electric cars and certain essential parts for them, such motors, battery packs, and vehicle chassis, at the Ola Future Factory.
The firm has announced four new goods and released seven since August 2021. The first electric vehicle (EV) model, the Ola S1 Pro, was delivered in December 2021. The Ola S1, Ola S1 Air, Ola S1 X, and Ola S1 X+ were then delivered in the next few years. The business made a splash on August 15, 2023, unveiling a fresh lineup of motorcycles – Diamondhead, Adventure, Roadster, and Cruiser – as well as groundbreaking electric vehicle models.
With a vast network of 870 experience centers and 431 service centers spread across India, Ola Electric offered a comprehensive omnichannel experience to its customers as of October 31, 2023.
Approximately 75% of India’s 2W exports in FY 2023 went to South East Asia, LATAM, and Africa, with the local E2W supply being quite little.
Three essential scalable platforms are essential to the business model:
The R&D and technological platform that features internal EV technology and component design and development,
The D2C omnichannel sales platform and the flexible manufacturing and supply chain platform
The corporation employed 959 people as of March 31, 2024, with a concentration on research and development. Of them, 907 were regular workers and 52 were freelancers. They are committed to developing new products, designing cars, developing software, and developing cells.
The OLA Electric IPO is a Rs 6,145.56 crore book constructed issue. The issue consists of an offer to sell 8.49 crore shares, valued at Rs 645.56 crore, and a new issuance of 72.37 crore shares, totaling Rs 5,500.00 crores.
The subscription period for the OLA Electric IPO auction began on August 2, 2024, and it will end on August 6, 2024. On Wednesday, August 7, 2024, the allotment for the OLA Electric IPO is anticipated to be completed. The proposed listing date for the OLA Electric IPO is set for Friday, August 9, 2024 on the BSE and NSE.
The pricing range for OLA Electric’s IPO is ₹72–₹76 per share. 195 Shares is the minimum lot size required for an application. Retail investors need to invest at least ₹14,820. For sNII and bNII categories, the minimum investment is ₹207,480 for 14 lots (2,730 shares) and ₹1,007,760 for 68 lots (13,260 shares).
Up to 797,101 shares are reserved for workers in the issuance, at a discount of Rs 7 from the issue price.
The following goals are what the firm plans to finance with the Net Proceeds:
The subscription for the IPO will be open from 2nd August and will close on 6th August, 2024.
| IPO Open Date | 2nd August 2024 |
| IPO Close Date | 6th August, 2024 |
The price band for the Ola Electric Mobility IPO has been set at ₹72 to ₹76 per share.
| IPO Price Band | ₹72 to ₹76 per share |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| Market Lot | 195 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 723,684,210 shares(aggregating up to ₹5,500.00 Cr) |
The promoters of Ola Electric Mobility are Bhavish Aggarwal
| Share Holding Pre Issue | 85.77% |
| Share Holding Post Issue | |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,735.41 | 5,573.17 | 5,395.86 |
| Revenue | 5,243.27 | 2,782.70 | 456.26 |
| Profit After Tax | -1,584.40 | -1,472.08 | -784.15 |
| Net Worth | 2,019.34 | 2,356.44 | 3,661.45 |
| Reserves and Surplus | -2,882.54 | -1,380.03 | -68.83 |
| Total Borrowing | 2,389.21 | 1,645.75 | 750.41 |
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: olaelectric.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor, 4th Block 17thMain100 Feet Road, Koramangala Bengaluru 560034
Phone: +91 80 3544 0050
Email: ipo@olaelectric.com
Website: https://www.olaelectric.com/
Anchor Investors in OLA Electric IPO
Enjoy flexible trading limits at
lowest brokerage rates ?
Open Your Investments Account Now
0Account Opening Charges
Life Time Demat AMC
Brokerage
IT'S TIME TO HAVE SOME FUN!
Your family deserves this time more than we do.
Share happiness with your family today & come back soon. We will be right here.
Investment to ek bahana hai,
humein to khushiyon ko badhana hai.
E-mail
askus@rmoneyindia.com
Customer Care
+91-9568654321
