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Ola Electric IPO: Check Issue Date, Price, Lot Size & Key Details

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IPOs are in high demand! Many investors are eager to seize the opportunity to invest in public offerings. And why wouldn't they be? A progressing economy and an elevating GDP are ideal for IPOs, and the market is buzzing with high-value options. The rising purchase power of Indian investors, an ecosystem of transparent transactions and an investor-centric environment help people make more aggressive yet well-informed decisions. 

For those interested in the latest investment opportunities, the upcoming IPO season presents an exciting chance to explore new ventures. One of the most awaited Upcoming IPOs in August is the Ola Electric IPO. When such a big brand announces its plan to make itself available to the public, the market is sure to whizz with anticipation. Read on to learn all about the Ola Electric IPO, the allotment details and all that you need to know about other upcoming IPOs.

About Ola Electric

Ola Electric is the country’s leading manufacturer of electric two-wheelers. A household name synonymous with cabs and city travel, Ola has transformed urban mobility. Needless to say then, ever since the market leader in the e-scooter segment announced its IPO, it has been in the limelight all the more.

Ola Electric IPO: The Founder’s Take

When asked about lowering the IPO valuation, founder and chief executive of Ola Electric, Bhavish Aggarwal said he wanted to make the IPO attractive for a broader base of investors. The IPO, valued at ₹6,146 crore, is the biggest in India this year and is priced 25% below Ola Electric's [1] last $5.4 billion valuation.

Aggarwal also clarified releasing Ola Electric IPO before Ola cabs. He mentioned that Ola Cabs is a mature company and didn’t really need any capital. On the other hand, Ola Electric, though very young, was growing rather quickly, making it the right time for it to go public. The founder also added that in the previous financial year, Ola Electric collected ₹5,300 crore as revenue. This puts them in a stronger position and offers them a tremendous potential market in the automotive sector.

Ola Electric IPO:

IPO of Ola Electric Mobility Ltd is all set to make an entry in the D-Street on 2nd August 2024. Here’s all that you need to know about the Ola Electric IPO[2] .

Ola Electric IPO

Details

Subscription Period

From August 2 till August 6, 2024

Issue Type         

Book Built Issue IPO

Price band

₹72 to ₹76

Fundraising Target

₹6,145.56 crores

Face Value

₹10 per share

Lot Size

197 shares (Implies an investment of ₹14,820 for retail investors )

Total Issue Size 

808,626,207 shares (aggregating up to ₹6,145.56 Cr)

Fresh Issue

723,684,210 shares

Offer for Sale    

84,941,997 shares of ₹10

Allotment date

7th August 2024

Credit in  demat accounts

8th August 2024

Initiation of Refunds     

8th August 2024

Listing date

9th August 2024

Listing platforms

Both

  • Bombay Stock Exchange (BSE)

     

  • National Stock Exchange (NSE)

     

Employee Discount

₹7 per share

Upcoming IPOs 2024

If the IPO market is what you are looking at, some other big names are planning to make an entry. Take a look at the Upcoming IPOs 2024 which can be considered as an alluring investment option.

Issuer Company

Open Date

Close Date

Listing Date

Issue Price ()

Issue Size ( Crore)

Lot Size

Exchange

Dhariwalcorp Limited IPO

1st August

5th August

8th August

₹102 to ₹106

25.15

1,200

NSE SME

Ceigall India Limited IPO

1st August

5th August

8th August

₹380 to ₹401

1252.66

37

BSE, NSE

Brainbees Solutions Limited IPO

6th August

8th August

13th August

-

-

-

BSE, NSE

Afcom Holdings Limited IPO

2nd August

6th August

9th August

₹102 to ₹108

73.83

1,200

BSE SME

Picture Post Studios Limited IPO

2nd August

6th August

9th August

₹22 to ₹24

18.72

6,000

NSE SME

Ola Electric Mobility Limited IPO

2nd August

6th August

9th August

₹72 to ₹76

6145.56

195

BSE, NSE

Getting Ready for the Upcoming IPO?

Keep a few points in mind when you are ready to dive into the market. Do not make these mistakes:

  • Don't let FOMO (Fear of Missing Out) be your guide
    While everything around may seem like a sign for you to invest in an upcoming IPO, avoid the fear of losing out. Spend some time to understand the company’s growth prospects, valuation and business model.
  • Keep your expectations real
    Good investments take time and patience. You need to understand that even a big brand IPO might not make you rich overnight! Manage your expectations.
  • Read between the lines
    Ignoring paying attention to the company's financials can be a big mistake. Following only them can be a bigger one. Devote enough time to go through the company’s background as well as probable future.

Get Set Go

As compared to the big names of the auto industry like Bajaj Auto, Hero MotoCorp, TVS Motors, and Eicher Motors, Ola’s market value is currently the smallest. Ola’s revenue of ₹5,010 crore, in the 2023-24 financial year, is much less than these competitors. However, the future of the two-wheeler industry seems to be moving towards an EV ecosystem. With this, Ola is way ahead in the electric two-wheeler market.

With around 3.3 lakh deliveries in the financial year 2024, Ola held a market share of a whopping, surpassing the combined market share of its listed competitors. The Indian electric two-wheeler market is projected to grow at an annual rate of 11%, reaching between ₹2.8 trillion and ₹3.6 trillion by the financial year 2028.

Investing in Ola Electric IPO offers an opportunity to be part of a leading player in the growing electric two-wheeler market.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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