OLA Electric Mobility Ltd. IPO
OLA Electric Mobility Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹76
Issue Price
Listing Price
₹76
Listing Price
Listing Gains
-₹0.01 (-0.01%)
Listing Gains
IPO Details
Bidding Dates
02 Aug - 06 Aug '24
Bidding Dates
Min. Investment
₹14,040
Min. Investment
Lot Size
195.00
Lot Size
Price Range
₹72 - ₹76
Price Range
Issue Size
3,349 Cr
Issue Size
Subscription Rate
- Retail Individual Investor3.92x
- Non-Institutional Investor2.40x
- Qualified Institutional Buyers5.31x
- Employees11.99x
About Company
Ola Electric Mobility Limited, a subsidiary of ANI Technologies (Ola Cabs), is a leading electric vehicle (EV) company in India. Founded in 2017 and headquartered in Bangalore, Ola Electric focuses on manufacturing electric two-wheelers (E2Ws) and core components such as battery packs, motors, and vehicle frames. The company launched its first EV model, the Ola S1 Pro, in December 2021, and has since expanded its product line to include the Ola S1, Ola S1 Air, and Ola S1 X+. With its state-of-the-art Ola Futurefactory in Tamil Nadu, Ola Electric is the top E2W brand in India, achieving the highest revenue among Indian E2W manufacturers in Fiscal 2023. The company aims to expand its EV offerings and explore international markets.
Why should you invest in OLA Electric Mobility Ltd. IPO?
Investing in the Ola Electric IPO offers several potential benefits:
- Market Leadership: Ola Electric holds a dominant position in the Indian E2W market, accounting for 31% of registrations in 2023.
- Innovation and R&D: The company invests heavily in research and development, ensuring continuous innovation in EV technology.
- Government Incentives: Ola Electric benefits from various government schemes like PLI and FAME, which reduce costs and enhance competitiveness.
- Scalability: The Ola Futurefactory, the largest integrated and automated E2W manufacturing plant in India, allows for scalable and cost-efficient production.
Important Dates - Ola Electric IPO
The Ola Electric IPO is set to open for subscription on August 2, 2024, and close on August 6, 2024. The allotment of shares will be finalized on August 7, 2024, with the listing date expected on August 9, 2024. Below is a summary of the key dates:
| Event | Date |
|---|---|
| IPO Open Date | August 2, 2024 |
| IPO Close Date | August 6, 2024 |
| Allotment Finalized | August 7, 2024 |
| Refunds Initiated | August 8, 2024 |
| Shares Credited | August 8, 2024 |
| Listing Date | August 9, 2024 |
IPO Grey Market Premium - Ola Electric IPO
The Grey Market Premium (GMP) for the Ola Electric IPO is an indicator of investor sentiment and the potential listing price. As of July 31, 2024, the GMP is ₹16.50, suggesting a potential listing price of ₹92.50 per share, a 21.71% increase from the upper price band of ₹76. Below is the recent GMP trend:
| Date | IPO GMP |
|---|---|
| July 31 | ₹16.50 |
| July 30 | ₹15.00 |
| July 29 | ₹15.00 |
| July 27 | ₹25.00 |
Ola Electric's Financials
Ola Electric's financial performance highlights its growth trajectory:
| Metric | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Assets (₹ Crore) | 7,735.41 | 5,573.17 | 5,395.86 |
| Revenue (₹ Crore) | 5,243.27 | 2,782.70 | 456.26 |
| PAT (₹ Crore) | -1,584.40 | -1,472.08 | -784.15 |
Ola Electric IPO Noteworthy Highlights
- Revenue Leader: Ola Electric achieved the highest revenue among Indian E2W manufacturers in Fiscal 2023.
- Global Expansion: The company plans to expand its EV offerings and explore international markets.
- D2C Network: Ola Electric operates 935 experience centers and 414 service centers across India, making it the largest company-owned network of its kind.
OLA Electric Mobility Ltd. IPO - SWOT Analysis
Strengths:
- Market Leadership: Dominant position in the Indian E2W market.
- Innovation: Strong focus on R&D.
- Government Support: Benefits from PLI and FAME schemes.
Weaknesses:
- Financial Risks: Persistent losses and negative cash flows.
- Subsidy Dependency: Reliance on government subsidies.
Opportunities:
- Market Expansion: Potential to explore international markets.
- Technological Advancements: Continuous innovation in EV technology.
Threats:
- Competition: Intense competition in the automotive market.
- Regulatory Changes: Potential reduction in government subsidies.
How to apply for OLA Electric Mobility Ltd. IPO?
You can apply for the OLA Electric Mobility Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
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