Contents
- 1 Ola Electric Mobility IPO Details
- 2 Ola Electric Mobility IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Ola Electric Mobility IPO GMP (Grey Market Premium)
- 6 Ola Electric Mobility IPO Subscription Status
- 7 Ola Electric Mobility IPO Allotment Status
- 8 Know About Company
- 9 Ola Electric Mobility Limited Financial Information
- 10 KIP of Ola Electric Mobility Limited
- 11 The valuation details for Ola Electric’s IPO for FY2023
- 12 Peer Group
- 13 Ola Electric Mobility Limited IPO Registrar
- 14 Ola Electric Mobility Limited IPO Lead Manager
- 15 Ola Electric Mobility Limited Contact
- 16 Ola Electric Mobility Limited IPO Application Form PDF
- 17 FAQs – Ola Electric Mobility Limited IPO
The Ola Electric Mobility IPO is a way for the company to raise money from the public. It includes two parts:
- New Shares: They are issuing new shares worth ₹5,500 crore.
- Existing Shares: They are also selling 8.49 crore shares that are already owned by others.
The IPO will be available for people to apply for from August 2, 2024, to August 6, 2024. The process for deciding who gets the shares will be done on August 7, 2024. If you get the shares, they will be listed and available for trading on the BSE and NSE stock exchanges starting August 9, 2024.
The price of the shares has not yet been announced.
Ola Electric Mobility IPO Details
| Open Date | August 1, 2024 |
| Close Date | August 5, 2024 |
| IPO Size | A total of Rs 617.69 |
| Fresh Issue | 808,626,207 Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹72 to ₹76 per share per share |
| IPO Listing on | BSE NSE |
| Lot Size | 195 Shares |
| OFS | 14,174,840 Shares |
| Share Offered to Retail | 10% |
| Share Offered to QIB | 75% |
| Share Offered to HNI | 15% |
Ola Electric Mobility IPO Date
- IPO Open Date: August 2, 2024
- IPO Close Date: August 6, 2024
- Allotment: August 7, 2024
- Refunds: August 8, 2024
- Shares Credit to Demat: August 8, 2024
- Listing Date: August 9, 2024
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | – | – |
| Retail (Max) | 1 | – | – |
| HNI (Min) | 2 | – | – |
Promoter Holding
The promoter of the company is Bhavish Aggarwal. Before the IPO, he owns 85.77% of the shares.
Ola Electric Mobility IPO GMP (Grey Market Premium)
If you want to know Ola Electric Mobility IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Ola Electric Mobility IPO Subscription Status
Ola Electric Mobility IPO subscription starts on August 1, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Ola Electric Mobility IPO Allotment Status
To check the Ola Electric Mobility IPO allotment status go to the IPO registrar website ”Link Intime India Private Ltd” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Ola Electric Mobility Limited
- Founded: 2017
- Business: Specializes in electric vehicles (EVs) and key EV components like battery packs, motors, and frames. Production takes place at the Ola Futurefactory.
- Product Launches:
- Ola S1 Pro: First EV model, launched in December 2021.
- Ola S1, Ola S1 Air, Ola S1 X, Ola S1 X+: Launched in the following years.
- New Models: Announced on August 15, 2023, including Diamondhead, Adventure, Roadster, and Cruiser motorcycles.
- Distribution Network (as of October 31, 2023):
- Experience Centers: 870 across India
- Service Centers: 431 (429 within experience centers)
- Online Sales: Via the Ola Electric website
- Exports and Supply:
- FY 2023: 75% of two-wheeler exports went to Africa, LATAM, and Southeast Asia.
- Domestic Supply: Limited for electric two-wheelers (E2W).
- Business Model: Based on three main platforms:
- R&D and Technology: In-house design and development of EV technologies and components.
- Production and Supply Chain: Flexible manufacturing and supply processes.
- Sales: Direct-to-consumer (D2C) through an omnichannel approach.
Ola Electric Mobility Limited Financial Information
Here’s a table summarizing the financial data for Ola Electric Mobility Limited:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets (₹ Crore) | 7,735.41 | 5,573.17 | 5,395.86 | 2,112.64 |
| Revenue (₹ Crore) | 5,243.27 | 2,782.70 | 456.26 | 106.08 |
| Profit After Tax (PAT) (₹ Crore) | -1,584.40 | -1,472.08 | -784.15 | -199.23 |
| Net Worth (₹ Crore) | 2,019.34 | 2,356.44 | 3,661.45 | 1,970.62 |
| Total Borrowing (₹ Crore) | 2,389.21 | 1,645.75 | 750.41 | 38.87 |
Key Changes (FY 2024 vs. FY 2023):
- Revenue increased by 88.42%.
- Profit After Tax (PAT) dropped by 7.63%.
KIP of Ola Electric Mobility Limited
Here’s the table summarizing the financial and operational data for Ola Electric Mobility Limited, with amounts converted to ₹ Crore:
| Particulars | As of March 31, 2024 | As of March 31, 2023 |
|---|---|---|
| Revenue from Operations (₹ Cr.) | 50,098.31 | 26,309.27 |
| Gross Margin (₹ Cr.) | 6,303.07 | 605.18 |
| Gross Margin (%) | 12.58% | 2.30% |
| Adjusted Gross Margin (₹ Cr.) | 8,637.46 | 2,122.88 |
| Adjusted Gross Margin (%) | 16.47% | 7.63% |
| EBITDA (₹ Cr.) | -10,401.91 | -11,970.98 |
| EBITDA Margin (%) | -19.84% | -43.02% |
| E2W Market Share (%) | 34.80% | 21.00% |
Notes:
- Gross Margin and Adjusted Gross Margin represent the profitability metrics in ₹ Crore.
- EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.
- E2W Market Share reflects the company’s share in the electric two-wheeler market.
The valuation details for Ola Electric’s IPO for FY2023
| Valuation Metric | Details |
|---|---|
| Earnings Per Share (EPS) | -₹3.91 per Equity Share |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | -62.47% |
| Net Asset Value (NAV) | ₹6.26 per Equity Share |
Notes:
- EPS (Earnings Per Share): Indicates the loss per share.
- P/E Ratio: Not applicable or not available.
- RoNW (Return on Net Worth): Shows a negative return, indicating a loss relative to the net worth.
- NAV (Net Asset Value): Represents the value per equity share based on net assets.
Peer Group
- PNC Infratech Limited
- G R Infraprojects Limited
- H.G. Infra Engineering Limited
- KNR Constructions Limited
- ITD Cementation India Limited
- J Kumar Infraprojects Limited
Ola Electric Mobility Limited IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: ceigall.ipo@linkintime.co.in
Investor grievance e-mail:
ceigall.ipo@linkintime.co.in
Contact person: Shanti Gopalakrishnan
Website: www.linkintime.co.in
Ola Electric Mobility Limited IPO Lead Manager
- ICICI Securities Limited
- IIFL Securities Limited
- JM Financial Limited
Ola Electric Mobility Limited Contact
Ceigall India Limited
A-898,
Tagore Nagar
Ludhiana – 141 001
Phone: +91 161 4623666
Email: secretarial@ceigall.com
Website: https://www.ceigall.com/
Ola Electric Mobility Limited IPO Application Form PDF
To download the Ola Electric Mobility Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
FAQs – Ola Electric Mobility Limited IPO
What is the Ola Electric Mobility IPO?
The Ola Electric Mobility IPO is a public offering through which the company will raise funds by issuing new shares and selling existing shares.
Who is the promoter of Ola Electric Mobility Limited?
The promoter of the company is Bhavish Aggarwal, who owned 85.77% of the shares before the IPO.
Where can I download the IPO application form?
To download the IPO application form, check out the Application Form Download section on our website or visit the ASBA IPO Forms PDF section.
