Ola Electric IPO Details: Ola Electric IPO date is fixed, the IPO is to hit the market on [.] and will close on [.]. Ola Electric IPO to raise around ₹[.] crores via IPO that comprises fresh issue of ₹5500 crores and offer for sale up to 95,191,195 equity shares of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.
Ola Electric is a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. They manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Their business focuses on capturing the opportunity arising out of electrification of mobility in India and they also seek opportunities to export our EVs in select international markets in the future.
Ola Electric has delivered four products and additionally announced six new products since their first product announcement in August 2021. They 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, they 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. They 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.
The company 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, they became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways (“VAHAN”) according to the Redseer Report. Research and development (“R&D”) and technology are at the core of our business model with a focus on in-house product innovation.
They 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. They 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. At their Ola Futurefactory, they manufacture our EV scooters using certain EV components manufactured in-house and other components procured from third parties, such as cells. The Ola Futurefactory is the largest integrated and automated E2W manufacturing plant in India (in terms
of production capacity) by an E2W-only OEM, as of September 30, 2023, according to the Redseer Report.
Objects of the Issue
- 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”);
- Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET;
- Investment into research and product development;
- Expenditure to be incurred for organic growth initiatives; and
- General corporate purposes
Ola Electric IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Ola Electric (OLA Cabs) IPO Date & Price Band Details
| IPO Open: | 2024 |
| IPO Close: | 2024 |
| IPO Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹5500 Crores |
| Offer for Sale: | Approx 95,191,195 Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Ola Electric IPO Market Lot
The Ola Electric IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Ola Electric IPO (OLA Cabs) Allotment & Listing Dates
The Ola Electric IPO date is 2024 and the close date is 2024. The Ola Electric IPO allotment will be finalized on 2024 and the IPO listing on 2024.
| Price Band Announcement: | 2024 |
| Anchor Investors Allotment: | 2024 |
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Basis of Allotment: | 2024 |
| Refunds: | 2024 |
| Credit to Demat Account: | 2024 |
| IPO Listing Date: | 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Ola Electric (OLA Cabs) IPO Form
How to apply for the Ola Electric IPO? You can apply for Ola Electric IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ola Electric IPO in the Invest section. The other option is you can apply for Ola Electric IPO via IPO forms downloaded via NSE and BSE. Check out the Ola Electric forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Ola Electric Company Financial Report
| ₹ in Crores | |||
| 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 IPO Valuation – FY2023
Check Ola Electric IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | -₹3.91 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -62.47% |
| Net Asset Value (NAV): | ₹6.26 per Equity Share |
Peer Group
- TVS Motors
- Eicher Motors
- Bajaj Auto
- Hero MotoCorp
Company Promoters
- Bhavish Aggarwal
Ola Electric IPO Registrar
Link Intime India Private Limited
Tel: +91 810 811 4949
E-mail: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Ola Electric IPO Allotment Status Check
Check Ola Electric IPO allotment status on Linkintime website allotment URL. Click Here
Ola Electric IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Bofa Securities India Limited
- Axis Capital Limited
- SBI Capital Markets Limited
Company Address
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor,
4th Block, 17th Main, 100 Feet Road,
Koramangala, Bengaluru 560 034, Karnataka
Tel: +91 80 3544 0050
E-mail: ipo@olaelectric.com
Website: www.olaelectric.com
Ola Electric IPO FAQs
What is Ola Electric IPO?
Ola Electric IPO is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.
When Ola Electric IPO will open?
The IPO is to open on [.] for QIB, NII, and Retail Investors.
What is Ola Electric IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
How to Apply the Ola Electric IPO?
You can apply for Ola Electric IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
