OLA Electric IPO GMP, Price, Date, Allotment

OLA Electric IPO GMP

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.

Ola Electric Mobility

Promoters of OLA Electric – Bhavish Aggarwal

OLA Electric IPO Details

OLA Electric IPO DatesComing soon
OLA Electric Issue PriceComing soon
Fresh issueINR 5,500 crore
Offer For Sale9,51,91,195 shares
Total IPO sizeComing soon
Minimum bid (lot size)Coming soon
Face Value INR 10 per share
Retail Allocation10%
Listing OnNSE, BSE

OLA Electric Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income(199.23)(784.15)(1,472.08)(267.16)
Margin (%)(209.99)(55.95)(21.50)
Figures in INR Crores unless specified otherwise

OLA Electric Offer News

OLA Electric Valuations & Margins

FY 2021FY 2022FY 2023
(Pre Issue)
FY 2024
PE Ratio
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)(10.11)(21.42)(62.47)
EBITDA (%)(168.57)(157.27)(43.02)
*Compiled by IPO Central from Prospectus

OLA Electric IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject 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

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
OLA Electric(3.91)62.476.262,630.93
TVS Motors69.6927.9722.0124.4031,973.99
Eicher Motors36.78106.3819.0547.2614,442.18
Bajaj Auto29.95212.5021.01,029.4836,455.38
Hero MotoCorp27.16140.4917.0838.9734,158.38

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 DateComing soon
IPO Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Initiation of refundsComing soon
Transfer of shares to demat accountsComing soon
OLA Electric IPO Listing DateComing soon
Opening Price on NSEComing soon
Closing Price on NSEComing soon

OLA Electric IPO Reviews – Subscribe or Avoid?

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OLA Electric Offer Lead Manager

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

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

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.


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