Ola electric ipo price today, IPO GMP, Price, Date, Review

Ola electric ipo price today : Ola electric ipo price today is Open on 2 August 2024 and Close on 6 August 2024. Ola electric IPO to Raise 808,626,207 shares (Approx ₹6,145.56 Cr) via IPO. The Fresh Issue of 723,684,210 shares (Approx ₹5,500.00 Cr) and The Offer For Sale is 84,941,997 shares of ₹10 (Approx ₹645.56 Cr).

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. 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.

Ola electric IPO Date & Price Band Details

Ola electric IPO Market Lot Details

Object of the Issue

1.  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”).
2.  Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET.
3.  Investment into research and product development.
4.  Expenditure to be incurred for organic growth initiatives.
5.  General corporate purposes.

Ola electric IPO Allotment & Listings (Details)

Ola electric Financial Reports

Our Company Promoters

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 Comparison Listed Industry Peers Group

Comparison of accounting ratios with listed industry peers

• TVS Motors 
• Eicher Motors 
• Bajaj Auto 
• HeroMotoCorp 

Ola Electric Company Contact Details

Regent Insignia, #414
3rd Floor, 4th Block, 17th Main
100 Feet Road, Koramangala
Bengaluru 560 034
Karnataka, Indial
Contact Person: Pramendra Tomar
Email:ipo@olaelectric.com
Tel:+91 80 3544 0050
Website:www.olaelectric.com

Ola Electric IPO Registrar

Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli West
Mumbai 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 Gopalkrishnan

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