OLA Electric IPO Description – OLA Electric stands as a dedicated EV pioneer in India, forging ahead with vertically integrated technology and manufacturing prowess for electric vehicles and their essential components, including cells. At the cutting-edge Ola Futurefactory, they craft EVs and key parts such as battery packs, motors, and vehicle frames.
In Fiscal 2023, OLA Electric achieved the highest revenue among all Indian electric two-wheeler (E2W) original equipment manufacturers (OEMs) from E2W sales. Remarkably, within nine months of launching its first EV scooter in December 2021, OLA Electric became the top-selling E2W brand in India, as reflected in the monthly E2W registrations on the VAHAN Portal of the Ministry of Road Transport and Highways.
As of 31 October 2023, OLA Electric runs a comprehensive direct-to-customer (D2C) omnichannel distribution network. This includes 935 experience centers and 414 service centers (with 410 of these service centers located within the experience centers) spread across India, complemented by the Ola Electric website.
Promoters of OLA Electric – Bhavish Aggarwal
Table of Contents
OLA Electric IPO Details
| OLA Electric IPO Dates | Coming soon |
| OLA Electric Issue Price | Coming soon |
| Fresh issue | INR 5,500 crore |
| Offer For Sale | 9,51,91,195 shares |
| Total IPO size | Coming soon |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
OLA Electric Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 0.86 | 373.42 | 2,630.93 | 1,242.75 |
| Expenses | 284.90 | 1,173.81 | 3,883.38 | 1,460.72 |
| Net income | (199.23) | (784.15) | (1,472.08) | (267.16) |
| Margin (%) | – | (209.99) | (55.95) | (21.50) |
OLA Electric Offer News
- OLA Electric RHP
- OLA Electric DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
OLA Electric Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (0.59) | (2.23) | (3.91) | (0.71) |
| PE Ratio | – | – | – | – |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | (10.11) | (21.42) | (62.47) |
| NAV | 5.83 | 10.43 | 6.26 |
| EBITDA (%) | (168.57) | (157.27) | (43.02) |
| Debt/Equity | (0.62) | (0.10) | 0.72 |
OLA Electric IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
OLA Electric IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure to be incurred by its subsidiary, OCT for the Project – INR 1,226.43 crore
- Repayment or pre-payment, in full or part, of the indebtedness incurred by its subsidiary, OET – INR 800 crore
- Investment into research and product development – INR 1,600 crore
- Expenditure to be incurred for organic growth initiatives – INR 350 crore
- General corporate purposes
OLA Electric IPO Subscription – Live Updates
Coming soon
OLA Electric – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| OLA Electric | – | (3.91) | 62.47 | 6.26 | 2,630.93 |
| TVS Motors | 69.69 | 27.97 | 22.0 | 124.40 | 31,973.99 |
| Eicher Motors | 36.78 | 106.38 | 19.0 | 547.26 | 14,442.18 |
| Bajaj Auto | 29.95 | 212.50 | 21.0 | 1,029.48 | 36,455.38 |
| Hero MotoCorp | 27.16 | 140.49 | 17.0 | 838.97 | 34,158.38 |
OLA Electric IPO Allotment Status
OLA Electric IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
OLA Electric IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| OLA Electric IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
OLA Electric IPO Reviews – Subscribe or Avoid?
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OLA Electric Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27 “G” Block, Bandra Kurla
Complex Bandra (East) Mumbai 400 051 Maharashtra, India
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com
OLA Electric Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
OLA Electric Contact Details
OLA ELECTRIC MOBILITY LIMITED
Hosur Road, Municipal Ward No.67,
Wing C Star Tech, Municipal No. 140,
Industrial Layout Koramangala, Bengaluru – 560 095
Phone: +91 80 3544 0050
Email: [email protected]
Website: www.olaelectric.com
OLA Electric IPO FAQs
How many shares in OLA Electric IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for an OLA Electric Public Offer?
The best way to apply for OLA Electric’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is OLA Electric IPO GMP today?
OLA Electric IPO GMP today is INR NA per share.
What is OLA Electric kostak rate today?
OLA Electric kostak rate today is INR NA per application.
What is OLA Electric Subject to Sauda rate today?
OLA Electric Subject to Sauda rate today is INR NA per application.
