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

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

Ola electric ipo price today : Ola electric ipo price today is Open on [.] 2024 and Close on [.] 2024. Ola electric IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh Issue of [.] shares (Approx ₹[.] 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.

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.

Ola electric IPO Date & Price Band Details

IPO Open Date [.] 2024
IPO Close Date [.] 2024
IPO Size [.] shares (Approx ₹[.] Cr)
Fresh Issue [.] shares (Approx ₹[.] Cr)
Lot Size [.] Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹[.] Per Every Share
IPO Listing On BSE & NSE
IPO Retail Quota -%
IPO QIB Quota -%
IPO NII Quota -%
DRHP Draft Click Here
Anchor Investor Click Here

Ola electric IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 - ₹-
Retail Maximum 13 - ₹-
S-HNI Minimum 14 - ₹-
S-HNI Maximum 67 - ₹-
B-HNI Minimum 68 - ₹-

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)

IPO Open Date [.] 2024
IPO Close Date [.] 2024
Basis of Allotment [.] 2024
Refunds [.] 2024
Credit to Demat Account [.] 2024
IPO Listing Date [.] 2024

Ola electric Financial Reports

₹ in Crores
Year Revenue Expense PAT
2024 ₹- ₹- ₹-
2023 ₹- ₹- ₹-
2022 ₹- ₹- ₹-
2021 ₹- ₹- ₹-

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

Company Name Face Value EPS Ro NW (%) PE Ratio NAV Per Revenue (₹ in Lakhs)
Ola Electric 10.00 3.91 62.47% [.] 6.26 26,309.27
Peer Group
TVS Motors  1.00 27.97 22% 69.69 124.40 319,739.90
Eicher Motors  1.00 106.56 19% 36.78 547.26 144,421.80
Bajaj Auto  10.00 212.50 21% 29.95 1,029.48 364,553.80
HeroMotoCorp  2.00 140.62 17% 27.16 838.97 341,583.80

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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