Ola Electric Mobility Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹72 - ₹76
- Lot size
- 195 shares
- Issue amount
- ₹6,145.56 cr
- Total subscription
- 4.47×
- Opens
- 2 Aug 2024
- Closes
- 6 Aug 2024
- Allotment
- 7 Aug 2024
- Listing
- 9 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 80,86,26,207 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,040
- Fresh issue
- ₹5,500 cr
- Offer for sale
- ₹645.56 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,820
- Issue type
- Book Built Issue IPO
- Shares before issue
- 3,68,70,72,258
- Shares after issue
- 4,41,07,56,468
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 195 | ₹14,820 |
| sHNI | 14 | 2,730 | ₹2,07,480 |
| bHNI | 68 | 13,260 | ₹10,07,760 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 29,593 | 15,661 |
| HNIs (2-10L) | 14,797 | 26,951 |
| RETAIL | 4,14,309 | 13,26,761 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| 0 | 0 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | -4.35 | -3.91 | -2.23 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | -78.46 | -62.47 | -21.42 |
| PRE IPO(PE) | -17.69 | 0 | 0 |
| POST IPO(PE) | -21.16 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Ola Electric Mobility Limited, founded in 2017, is a leading EV company specializing in manufacturing electric vehicles and key components like battery packs, motors, and frames at its Ola Futurefactory. Since launching the Ola S1 Pro in 2021, the company has expanded its lineup and announced six upcoming models, including electric motorcycles. By October 2023, Ola Electric had built a strong direct-to-customer network with 935 experience centers, 414 service centers, and an online presence across India. It also exports to markets in Africa, LATAM, and Southeast Asia. With a focus on R&D, manufacturing, and distribution, the company had 959 employees as of March 2024.
Strengths
- Cutting-Edge R&D: Ola Electric’s research teams in India, the UK, and the US focus on key EV technologies, including software, electronics, motors, drivetrains, and battery systems.
- Large-Scale Manufacturing: The Ola Futurefactory, with a capacity of one million units per year, ensures high-quality EV production by designing and manufacturing core components in-house.
- Smart & Scalable Design: By using modular battery packs and power electronics, Ola Electric efficiently develops new EV models, making innovation faster and more adaptable.
- Read the latest IPO market update.
- Read the latest IPO market update.
Risk factors
- Ongoing Financial Losses: Ola Electric has faced losses and negative cash flow since its start, which could impact its financial stability and growth.
- Supply Chain Challenges: Disruptions or rising costs of components and raw materials could affect EV production, pricing, and delivery timelines.
- Uncertain R&D Payoff: While the company invests heavily in innovation, there’s no guarantee these efforts will lead to profitable returns in the future.
- Read the latest IPO market update.
Promoters
Bhavish Aggarwal
Read the latest IPO market update.
Registrar & documents
Lead manager
Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, SBI Capital Markets Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, Bob Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Regent Insignia, #414, 3rd Floor, 4th Block, 17thMain100 Feet Road, Koramangala, Bengaluru 560034
+91 80 3544 0050
[email protected]Company website ↗Understanding OLAELEC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.