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Ola Electric IPO Overview
You are at right place to check all the details regarding Ola Electric IPO. The dates for Ola Electric IPO is announced. The IPO will open on August 03, 2024 and will close on August 05, 2024
The Ola Electric IPO price band is fixed at ₹72 to ₹76 Per Share. The company aims to raise around ₹6145.56 Crores via this IPO. You can find complete information about Ola Electric IPO in this post.
The Ola Electric IPO lot size for the application is 195 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹14,820.
About Ola Electric IPO:
Ola Electric is a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. They manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Their business focuses on capturing the opportunity arising out of electrification of mobility in India and they also seek opportunities to export our EVs in select international markets in the future.
Ola Electric has delivered four products and additionally announced six new products since their first product announcement in August 2021. They commenced delivery of our first EV model, the Ola S1 Pro, in December 2021. This was followed by the delivery of the Ola S1 in September 2022, the Ola S1 Air in August 2023, and the Ola S1 X+ in December 2023. On August 15, 2023, they announced other new EV
scooter models, the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh), in addition to the Ola S1 X+, as well as a line-up of motorcycles comprising four models, Diamondhead, Adventure, Roadster and Cruiser. They plan to commence delivery of the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh) by the first half of Fiscal 2025 and the motorcycles in the first half of Fiscal 2026.
The company had the highest revenue of all Indian incorporated electric 2Ws (“E2Ws”) original equipment manufacturers (“OEMs”) from E2W sales in Fiscal 2023, according to the Redseer Report. Within nine months of delivering our first EV scooter in December 2021, they became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways (“VAHAN”) according to the Redseer Report. Research and development (“R&D”) and technology are at the core of our business model with a focus on in-house product innovation.
Objects of the Issue
- Capital expenditure to be incurred by our Subsidiary, OCT for expansion of the capacity of our cell manufacturing plant from 5 GWh to 6.4 GWh, classified as phase 2 under the expansion plan (the “Project”);
- Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET;
- Investment into research and product development;
- Expenditure to be incurred for organic growth initiatives; and
- General corporate purposes
Ola Electric IPO Brokerage House Reviews:
- Ajcon Global Services: To Be Updated
- Anand Rathi: To Be Updated
- BP Equities (BP Wealth): To Be Updated
- Canara Bank Securities: To Be Updated
- SBICAP Securities: To Be Updated
- SMC Global: To Be Updated
- Swastika Investmart: To Be Updated
- Ventura Securities: To Be Updated
Ola Electric IPO Date & Price Band Details
| IPO Open: | August 02, 2024 |
| IPO Close: | August 06, 2024 |
| IPO Size: | Approx ₹6145.56 Crores, 808,626,207 Equity Share |
| Fresh Issue: | Approx ₹5500 Crores, 723,684,210 Equity Share |
| Offer For Sale | Approx ₹645.56 Crores, 84,941,997 Equity Share |
| Face Value: | ₹10 Per Equity share |
| IPO Price Band: | ₹72 to ₹76 Per Share |
| IPO Lot Size | 195 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Ola Electric IPO Market Lot
The Ola Electric IPO minimum market lot is 195 shares which is equal to ₹14,820 application amount. The retail investors can apply up-to 13 lots with 2535 shares which is equal to ₹192,660
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 195 | ₹14,820 |
| Retail Maximum | 13 | 2535 | ₹192,660 |
| S-HNI Minimum | 14 | 2,730 | ₹207,480 |
| B-HNI Minimum | 68 | 13,260 | ₹10,07,760 |
Ola Electric IPO Allotment & Listing Dates
The Ola Electric IPO open date is August 02, 2024 and the close date is August 06, 2024 . The Ola Electric IPO allotment will be finalized on August 07, 2024 and the IPO listing on August 09, 2024 .
| IPO Open Date: | August 02, 2024 |
| IPO Close Date: | August 06, 2024 |
| Basis of Allotment: | August 07, 2024 |
| Refunds: | August 08, 2024 |
| Credit to Demat Account: | August 08, 2024 |
| IPO Listing Date: | August 09, 2024 |
Ola Electric Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2022 | ₹456.26 | ₹11173 | –₹784 |
| 2023 | ₹2782 | ₹3883 | –₹1472 |
| 2024 | ₹5243 | ₹6277 | –₹1584 |
Ola Electric IPO Valuation
Below is the financial details of Ola Electric for the year FY2023.
| Earning Per Share (EPS): | –₹4.35 per Equity Shar |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | -78.46% |
| Debt/Equity: | ₹5.54 per Equity Share |
Company Promoters:
- Bhavish Aggarwal
Competitor Companies:
- TVS Motors
- Eicher Motors
- Bajaj Auto
- Hero MotoCorp
Ola Electric IPO Registrar
Link Intime India Private Limited
Tel: +91 810 811 4949
E-mail: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Ola Electric IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Bofa Securities India Limited
- Axis Capital Limited
- SBI Capital Markets Limited
Ola Electric IPO Allotment Status Check
Allotment status of Ola Electric IPO can be checked on LINKINTIME website : Click here
Company Address of Ola Electric :
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor,
4th Block, 17th Main, 100 Feet Road,
Koramangala, Bengaluru 560 034, Karnataka
Tel: +91 80 3544 0050
E-mail: ipo@olaelectric.com
Website: www.olaelectric.com
Ola Electric IPO FAQs
Q1) What is Ola Electric IPO?
Answer: Ola Electric IPO is Initial Public Offer from Ola Electric company. The company is planning to raise ₹6145 Crores via this IPO. The share price is priced at band of ₹72 to ₹76 per equity share. The IPO will be listed on BSE & NSE.
Q2) When Ola Electric IPO will open and close?
Answer: The IPO is to open on August 02, 2024 for QIB, NII, and Retail Investors and closes on August 04, 2024
Q3) What is Ola Electric IPO Investors Portion?
Answer: The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4) What is the Ola Electric IPO Allotment Date?
Answer: Ola Electric IPO allotment date is August 08, 2024.
Q5) What is the Ola Electric IPO Listing Date?
Answer: Ola Electric IPO listing date is August 10, 2024. The IPO is to list on BSE and NSE.
Q6) How to Check Ola Electric IPO Grey Market Premium (GMP)?
Answer: The IPO GMP can be checked by visiting Ola Electric IPO Premium page. Alternatively it can also checked along with GMP of other IPOs at IPO Grey Market Page.
Q6) How to Check Ola Electric IPO Allotment Status?
Answer: The IPO Allotment can be checked by visiting Ola Electric IPO allotment status page. Alternatively, it can also checked along with allotment status of other IPOs at IPO Allotment Status Page.
Q7) How to Check Ola Electric IPO Subscription Status?
Answer: The IPO Subscription can be checked by visiting Ola Electric IPO Subscription status page. Alternatively, it can also checked along with subscription status of other IPOs at IPO Subscription Status Page.
Q8) How to Apply the Ola Electric IPO through Zerodha?
Answer: You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Ola Electric ”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.