Ola Electric Mobility Ltd
Price Range
₹72 - ₹76
Min. Quantity
195
Closes on
6 August 2024
Min. investment
₹14,820/2,535 Shares
Ola Electric Mobility Ltd IPO Timeline
Ola Electric Mobility Ltd was incorporated as 'Ola Electric Mobility Private Limited' at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated February 3, 2017. Subsequently, the Company was converted to a public limited company and the name of the Company changed to 'Ola Electric Mobility Limited', pursuant to a Shareholders' resolution dated October 5, 2023 and a fresh certificate of incorporation dated November 17, 2023.
| Event | Date |
|---|---|
| Ola Electric Mobility Ltd IPO Opening Date | 2 August 2024 |
| Ola Electric Mobility Ltd IPO Closing Date | 6 August 2024 |
| Basis of Allotment | 7 August 2024 |
| Initiation of Refunds | 8 August 2024 |
| Credit of Shares to Demat | 8 August 2024 |
| Ola Electric Mobility Ltd IPO Listing Date | 9 August 2024 |
Ola Electric Mobility Ltd IPO Details
| Ola Electric Mobility Ltd IPO Date | 2 August 2024 to 6 August 2024 |
| Ola Electric Mobility Ltd IPO Face Value | ₹10 per share |
| Ola Electric Mobility Ltd IPO Price | ₹72 to ₹76 per share |
| Ola Electric Mobility Ltd IPO Lot Size | 195 |
| Issue Size | Shares of ₹10 (aggregating up to ₹6,145.56 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹5500 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹645.56 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 25,22,96,550 of the Net Offer |
| Retail Shares Offered | Not less than 8,48,06,699 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 12,72,10,049 of the Net Offer |
| Company Promoters | Bhavish Aggarwal, ANI Technologies Pvt Ltd, Indus Trust |
Ola Electric Mobility Ltd IPO Lot Size
The Ola Electric Mobility Ltd IPO lot size is 195 shares. A retail-individual investor can apply for up to 13 lots (2,535 shares or ₹1,92,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 195 | ₹14,820 |
| Maximum | 13 | 2,535 | ₹1,92,660 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Ola Electric Mobility Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 6,197.21 | 202.27 | -26.56 |
| 03-2023 | 4,710.54 | 295.76 | -38.74 |
| 03-2022 | 4,471.95 | 112.96 | -222.89 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure to be incurred by its subsidiary OCT for the project
- Repayment or pre-payment in full or part of the indebtedness incurred by its subsidiary OET
- Investment into research and product developemnt
- Expenditure to be incurred for organic growth initiatives
- General corporate purposes
Ola Electric Mobility Ltd IPO Promoter Holding
| Pre Issue Share Holding | 36.94% |
| Post Issue Share Holding | - |
Ola Electric Mobility Ltd IPO Subscription Status (Bidding Detail)
The Ola Electric Mobility Ltd IPO is subscribed 4.27 times on 6 August 2024 05:00:00 PM. The public issue subscribed 3.92 times in the retail category, 5.31 times in the QIB category, and 2.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 5.31 | 2.4 | 3.92 | 11.99 | 4.27 |
Ola Electric Mobility Ltd IPO Prospectus
Ola Electric Mobility Ltd IPO Listing Date
| Listing Date | 9 August 2024 |
| BSE Script | 544225 |
| NSE Symbol | OLAELEC |
| Listing In | BSE, NSE |
| ISIN | INE0LXG01040 |
| IPO Price | ₹76 |
| Face Value | ₹10 |
Company Contact Information
Regent Insignia #414 3rd Floor4th Block 17 Main 100 Ft Road,Bangalore-560034
Phone: +91 80 3544 0050
Email: ipo@olaelectric.com
Website: www.olaelectric.com
Ola Electric Mobility Ltd IPO Registrar
Ola Electric Mobility Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Ltd
- Citigroup Global Markets India Pvt Ltd
- BofA Securities India Ltd
- Goldman Sachs (India) Securities Pvt Ltd
- Axis Capital Ltd
- ICICI Securities Ltd
- SBI Capital Markets Ltd
- BOB Capital Markets Ltd
FAQ
What is the issue size of Ola Electric Mobility Ltd IPO?
I have pre-applied for Ola Electric Mobility Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.