Ola Electric IPO Allotment Status Online: Ola Electric IPO is Open on 2 August 2024 and Close on 6 August 2024. Ola Electric IPO to Raise [.] shares (Approx ₹6,150 Cr) via IPO. The Fresh Issue of [.] shares (Approx ₹5,500 Cr) and The Offer For Sale is 95,191,195 shares (Approx ₹[.] Cr).
- The Retail Quota is 10%
- QIB is 75%
- NII is 15%
Ola Electric IPO Basis of Allotment Status on 7 August 2024. Ola Electric IPO Refund Date is 8 August 2024 and Ola Electric IPO Credit to Demat on 8 August 2024.
Also Read: Ola electric ipo price today, IPO GMP, Price, Date, Review
Ola Electric IPO Allotment Link Online
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About –
Ola Electric are a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells.We manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory.
Our business focuses on capturing the opportunity arising out of electrification of mobility in India and we also seek opportunities to export our EVs in select international markets in the future. We have delivered four products and additionally announced six new products since our first product announcement in August 2021.
We commenced delivery of our first EV model, the Ola S1 Pro, in December 2021. we 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.
We 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. We had the highest revenue of all Indian incorporated electric 2Ws (“E2Ws”) original equipment manufacturers (“OEMs”) from E2W sales in Fiscal 2023.
We undertake R&D activities in India, the United Kingdom (“UK”) and the United States (“US”) focused on designing and developing new EV products and core EV components, such as battery packs, motors and vehicle frames. We are in the process of building our EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which includes our Ola Futurefactory, our upcoming Ola Gigafactory and co-located suppliers in Krishnagiri district.
We operate our own direct-to-customer (“D2C”) omnichannel distribution network comprising 935 experience centres and 414 service centres (of which 410 service centres are located within experience centres) situated across India, as of October 31, 2023.
