Ola Electric IPO: Date, Review, Price, Allotment Details
- IPO Dekh Team
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IPO Dates: The IPO will open on [2 August, 2024] and close on. [6 August, 2025]
IPO Size: Ola Electric going to raise about ₹[6150] crores, with an overall issue size of a fresh issue of ₹[5500] crores and an offer for sale of [95,191,195] equity shares of ₹10 each. The Retail quota is [10]%, QIB is [75]%, HNI Quota 15%.
Ola Electric IPO Important Dates
Open: 2 August
Close: 6 August
Allotment: 7 August
Listing: 9 August
Company Overview
Ola Electric is a well-known company in the Indian EV market, incorporated in 2017 by founder of Ola cabs Ritesh Agarwal. Ola electric dedicated to building a technology and manufacturing hub for EVs and their parts, including cells. At the Ola Future factory, they assemble EVs and critical components such as battery packs, motors, and vehicle structures. Their business model profit on the growing opportunity in the Electrifying of mobility in India, and has ambitions to expand their reach to international markets in the future.
Ola Electric as the top electric two-wheeler Original Equipment Manufacturer in India for Fiscal ’23. Ola’s EV scooters became India’s most popular E2W brand in just nine months after their December 2021 launch. This ranking comes from monthly registration data on the VAHAN Portal of the Ministry of Road Transport and Highways.
As we all of us knows the founder of Ola Cabs and Ola Electric is Bhavesh Agarwal he is very famous entrepreneur of India so Ola Electric has its roots in technology and new ideas since Ola cabs. The company does a lot of research and development in India, the UK, and the US. This work aims to create new EV products and key parts like battery packs, motors, and vehicle structures.
Ola Electric IPO Open, Allotment & Listing Dates
The OLA Electric IPO opens on August 2 and closes on August 6, 2024. The allotment will be finalized on August 7, with the IPO listing scheduled for August 9.
| IPO Open Date: | August 2, 2024 |
| IPO Close Date: | August 6, 2024 |
| Basis of Allotment: | August 7 ,2024 |
| Refunds: | August 8, 2024 |
| Credit to Demat Account: | August 8, 2024 |
| IPO Listing Date: | August 9, 2024 |
Table of Contents
Ola Electric IPO Details
| IPO Date | to |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price | |
| Lot Size | |
| Total Issue Size | [.] Shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 95,191,195 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Ola Electric Financial Reports
| Year | Revenue | Expense | PAT |
| 2021 | ₹106.08 | ₹284.90 | ₹199.23 |
| 2022 | ₹456.26 | ₹1173.81 | ₹784.15 |
| 2023 | ₹2782.70 | ₹3883.38 | ₹1472.08 |
| Jun 2023 | ₹1278.68 | ₹1460.72 | ₹267.16 |
Ola Electric Promoters & their Holdings
| Share Holding Pre Issue | 85.77% |
| Share Holding Post Issue | TBA |
Ola Electric IPO Valuation
| Earning Per Share (EPS): | -₹3.91 per Equity Share |
| Return on Net Worth (RoNW): | -62.47% |
| Net Asset Value (NAV): | ₹6.26 per Equity Share |
Ola Electric IPO Lot size & Price
Ola Electric IPO lot size & Price yet to be anounce.
Objective Of the issue
Ola Electric IPO Objectives
Ola Electric intends to put the money it makes from going public to use. The company wants to pay for several important projects. These projects aim to grow and boost its business. Here’s what Ola Electric wants to do:
Capital Expenditure for Expansion: INR 1,226.43 crore for expansion of OCT’s cell manufacturing plant from 5 GWh to 6.4 GWh (Phase 2 of the Project)
Debt Repayment:INR 800 crore to repay or prepay, either fully or partly, the debt of OET
Research and Development:INR 1,600 crore for research and new product development to drive innovation in offerings
Organic Growth Initiatives:INR 350 crore for organic growth initiatives to strengthen market position
General Corporate Purposes:Balance for general corporate purposes to support operational and strategic requirements
Ola Electric IPO Strength & Risk
TBA
Peer Group of Ola Electric
- Bajaj Auto
- Hero MotoCorp
- TVS Motors
- Eicher Motors
Brokerage firm IPO Review
Arihant Capital –TBA
Ashika Research –TBA
BP Wealth –TBA
Capital Market –TBA
Canara Bank Securities –TBA
Choice Broking –TBA
Dalal & Broacha –TBA
Elite Wealth –TBA
GCL Broking –TBA
Geojit –TBA
GEPL Capital –TBA
Hem Securities –TBA
ICICIdirect –TBA
Experts Review - Apply Or Not ?
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Ola Electric IPO Live GMP
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Ola Electric IPO Allotment Status
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Ola Electric IPO Subscription Status
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How to apply for OLA Electric?
You Can apply for the OLA Electric IPO online, you can use either UPI or ASBA:
UPI Method:
1. Use a broker platform like Zerodha, Upstox, 5Paisa, or Nuvama.
2. Enter your UPI ID and application details.
3. Confirm the bid and approve the UPI mandate request.
ASBA Method:
1. Use your bank’s net banking service (ICICI Bank, HDFC Bank, SBI Bank, etc.).
2. Go to the IPO section and select OLA Electric IPO.
3. Enter the required details and submit the application. The amount will be blocked in your account.
For more details, refer to your broker or bank’s guidelines.
Ola Electric IPO FAQs
Ola Electric IPO Price Band is ₹[.] to ₹[.].
You can apply for the OLA Electric IPO online, you can use either UPI or ASBA.
Steps for UPI Method
- Use a broker platform like Zerodha, Upstox, 5Paisa, or Nuvama.
- Enter your UPI ID and application details.
- Confirm the bid and approve the UPI mandate request.
Steps for ASBA Method:
- Use your bank’s net banking service (ICICI Bank, HDFC Bank, SBI Bank, etc.).
- Go to the IPO section and select OLA Electric IPO.
- Enter the required details and submit the application. The amount will be blocked in your account.
For more details, refer to your broker or bank’s guidelines.
Ola Electric IPO Listing Date is [9 August,2024].
The allotment date for the OLA Electric IPO is set for August 7, 2024.
The OLA Electric IPO size is ₹6,150 crores.
Ola Electric IPO Launch Date is 2 August,2024.
Registrar Of Ola Electric IPO
Link Intime India Private Limited
Tel: +91 810 811 4949
E-mail: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers / Bankers
- Axis Capital Limited
- SBI Capital Markets Limited
- Kotak Mahindra Capital Company Limited
- Bofa Securities India Limited
Ola Electric Contact Detail
Regent Insignia, #414, 3rd Floor, 4th Block
17thMain100 Feet Road, Koramangala
Bengaluru 560034
Phone: +91 80 3544 0050
Email: ipo@olaelectric.com
Website: https://www.olaelectric.com/
Experts Review - Apply Or Not ?
Update soon.
