Ola Electric IPO Details, Date, Review, Price


We 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. 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, 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, according to the Redseer Report. Within nine months of delivering our first EV scooter in December 2021, we became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of the Ministry of Road Transport and Highways (“VAHAN”)according to the Redseer Report.

Ola Electric IPO Date & Price Band Details

IPO Open Date[.]
IPO Close Date[.]
IPO SizeApprox ₹[.] Crores
IPO Fresh IssueApprox ₹5,500 Crores
Offer For SaleApprox 95,191,195 Equity Share
IPO Face Value ₹10 Per Share
IPO Price Band[.] to ₹[.]. Per Every Share
IPO Listing OnBSE and NSE
IPO Retail Quota10%
IPO QIB Quota75%
IPO NII Quota15%
IPO DiscountN/A
DRHP DraftClick Here
RHP DraftClick Here
Anchor InvestorClick here

Ola Electric IPO Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum1-₹-
Retail Maximum13-₹-
S-HNI Minimum14-₹-
B-HNI Minimum68-₹-

Ola Electric IPO Allotment & Listing Dates (Details)

Price Band Announcement[.]
Anchor Investor Allotment[.]
IPO Open Date[.]
IPO Close Date[.]
Basis of Allotment[.]
Credit to Demat Account[.]
IPO Listing Date[.]


  1.  Capital expenditure to be incurred by our Subsidiary, OCT for expansion of the capacity of our   Cell manufacturing plant from 5GWh to 6.4 GWh, classified as phase 2 under the expansion   plan(the “Project”)
  2.  Repayment or  Pre-payment, in full or part, of the indebtedness incurred by our Subsidiary OET.
  3.  Investment in research and product development.
  4.  Expenditure to be incurred for organic growth initiatives.
  5.  General Corporate Purposes.

Ola Electric Financial Report

₹ in Crores
Jun 2024 ₹1,279₹1,461 ₹267.16
2023 ₹2,783₹3,883 ₹1472.08
2022 ₹456₹1,174 ₹784.15
2021 ₹106₹285 ₹199.23

Basic & Diluted Earnings Per Equity Share (“EPS”) (face value of each Equity Share is ₹10):

Financial Year EndedDiluted EPS (in ₹)Basic EPS (in ₹)Weight
March 31,2023(3.91)(3.91)3
March 31,2022(2.23)(2.23)2
March 31,2021(0.59)(0.59)1
Weight Average(2.80)(2.80)
Three- Months Periods ended June 30,2023*(0.71)(0.71)-


1. Bhavish Aggarwal

Qualitative Factors

  •  Pure EV player with a leadership position in the fast-growing Indian E2W Market.
  •  Founder-led company supported by a highly experienced and professional leadership team.
  •  In-house R&D and technology capabilities.
  •  Manufacturing at scale and supply chain resilience.
  •  Scalable platform-based design and development approach.
  •  Direct-to-customer omnichannel distribution model.
  •  Eligibility for EV-related government incentives leading to cost advantages.
  •  Execution excellence.

Ola Electric Mobility Contact Details

Ola Electric Mobility Limited
Regent Insignia,#414
3rdFloor, 4thBlock,
17thMain100 Feet Road, Koramangala
Bengaluru 560 034Karnataka, India  Tel: +91 80 3544 0050
E-mail: ipo@olaelectric.com

Ola Electric Mobility IPO Register

Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopala Krishnan

Ola (EV) Electric IPO FAQs:-

ola electric ipo share price
ola electric ipo share price is ₹[.] to ₹[.].

ola Electric IPO launch date
ola electric ipo launch date is ₹[.] to ₹[.].

ola electric ipo date and price
ola electric ipo date and price is ₹[.] to ₹[.].

ola electric ipo gmp
ola electric ipo gmp Detail Click The Link

ola electric ipo gmp today
ola electric ipo gmp today Detail Click The Link

ola electric IPO release date
ola electric ipo release date is [.] to ₹[.].

ola electric ipo chittorgarh

ola electric ipo chittorgarh Deatil Click The Link

Leave a Comment