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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.
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.
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.
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
|
Employee Discount | ₹7 per share |
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 |
Keep a few points in mind when you are ready to dive into the market. Do not make these mistakes:
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.
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