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Ola Electric Mobility Ltd

Automobile

Offer Period :

2nd to 6th Aug 2024

Founded in 2010, Ola dominates India's mobility sector and operates globally in over 250 cities. Their app offers various vehicle options Read more... and has over 1.5 million driver-partners. Headquartered in Bangalore, Ola plans to go public for further expansion.Read less

Ola Electric Mobility Ltd IPO Details

IPO Date 2nd to 6th Aug 2024 Minimum Investment ₹14820 / 1 Lots
Listing Date 2024-08-09 Maximum Investment ₹192660 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹6145.56 Crores
Price ₹76 to ₹76 per share Fresh Issue ₹5500 Crores
Lot Size 1 Lots (195 Shares) Offer For Sale ₹ 645.56
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹7 per share    
IPO Date 2nd to 6th Aug 2024
Listing Date 2024-08-09
Face Value ₹10 per share
Price ₹76 to ₹76 per share
Lot Size 1 Lots (195 Shares)
Listing At BSE, NSE
Employee Discount ₹7 per share
Minimum Investment ₹14820 / 1 Lots
Maximum Investment ₹192660 / 13 Lots
Total Issue Size ₹6145.56 Crores
Fresh Issue ₹5500 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

2nd Aug

IPO Starts

6th Aug

IPO Ends

7th Aug

Allotment Date

8th Aug

Initiation of Refund

8th Aug

Credit of Shares to Demat Account

9th Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 45.14 0
Public Group 54.86 0

Ola Electric Mobility Ltd IPO Reservation

QIB Shares Offered 242370750(29.97%)
NII (HNI) Shares Offered 121185380(14.99%)
Retail Shares Offered 80790260(9.99%)
Anchor Investor Shares Offered 363556130(44.96%)
Total Shares Offered 808626176
Total Shares With Anchor Investor 808626176

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Ola Electric Mobility Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id olaelectric.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Ola Electric Mobility Ltd IPO Lead Manager

1. Kotak Mahindra Capital Company Ltd

2. Citigroup Global Markets India Pvt Ltd

3. BofA Securities India Ltd

4. Goldman Sachs (India) Securities Pvt Ltd

5. Axis Capital Ltd

6. ICICI Securities Ltd

7. SBI Capital Markets Ltd

8. BOB Capital Markets Ltd

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Ola Electric Mobility Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Ola Electric Mobility Ltd

1. Pure EV player with a leadership position in the fast-growing Indian E2W market.

2. Founder led company supported by a highly experienced and professional leadership team.

3. In-house R&D and technology capabilities.

4. Manufacturing at scale and supply chain resilience.

5. Scalable platform-based design and development approach.

6. Direct to customer omnichannel distribution model.

7. Eligibility for EV-related government incentives leading to cost advantages.

8. Execution excellence.

Risks Involved

1. The company, including its Material Subsidiaries, Ola Electric Technologies Private Limited ("OET") and Ola Cell Technologies Private Limited ("OCT"), have incurred losses and negative cash flows from operations since inception.

2. The company has a limited operating history in manufacturing EVs. There is no assurance that the company will be cost effective in its operations or profitable in the future, whether at the holding company level or at the subsidiary level.

3. The company has heavily invested in and plan to continue investing in research and development ("R&D") and technology. There is no assurance that its will realise returns on such investments.

4. The company could experience disruptions in the supply or an increase in prices of components and raw materials used in the manufacture of its electric vehicles, which could result in an increase in the price of its electric vehicles and impact the company projected manufacturing and delivery timelines.

5. Any reduction or elimination of government incentives or the ineligibility of any of its electric vehicles for such incentives would increase the retail price of the company electric vehicles and could adversely affect customer demand for its electric vehicles and affect the company ability to achieve profitability.

6. The company could experience supply constraints, increased prices and quality issues in the supply of raw materials used in cell manufacturing, which could adversely affect cell manufacturing at its Ola Gigafactory and the quality of the cells produced therefrom.

7. The company design and develop certain core electric vehicle components in-house and procure certain electric vehicle components from foreign and domestic suppliers. If its electric vehicles, electric vehicle components or raw materials used in the manufacture of the company's electric vehicles contain defects or have quality issues, or if its electric vehicles does not perform as per industry standards and/or fail to meet the performance levels advertised, its brand, reputation and ability to develop, market and sell its electric vehicles could be adversely impacted.

8. If the company vehicles become ineligible for the EMPS 2024 subsidy its may become less competitive due to higher product pricing (without the subsidies), potentially impacting its business and financial performance.

9. If the company is unable to claim government incentives under the PLI Schemes or the PLI Schemes are discontinued, its may become less competitive due to higher product pricing (without the subsidies), potentially impacting its business, profitability and financial performance.

10. The company intend to utilize Rs. 16,000 million out of the Net Proceeds for investment into research and development purposes of the Company, which constitutes a significant portion of the Net Proceeds which the company propose to raise pursuant to the Offer. Its cannot assure you that such investment into research and development will proceed as planned and result in creation of tangible assets or achieve results as anticipated.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 7735.41 5573.17 5395.86
Total Liabilities 7735.41 5573.17 5395.86
Total Expenses 6821.62 4158.36 1240.41
Total Revenue 
5243.27 2782.7 456.26
Profit After Tax -1584.4 -1472.08 -784.15
EBITDA -1040.19 -1197.1 -717.55
Adjusted EBITDA 0 0 0

Ola Electric Mobility Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-09 544225 OLAELEC
INE0LXG01040
₹76 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹76 ₹76
Open ₹75.99 ₹76
Low ₹75.99 ₹76
High ₹91.18 ₹91.2
Low ₹75.99 ₹76

Frequently Asked Questions

What is Ola Electric Mobility Ltd IPO?

Answer Field

Ola Electric Mobility Ltd IPO is a Mainboard IPO of 80,86,26,176 equity shares of a face value of ₹10 aggregating up to ₹6145.56 Crores. The issue is priced at ₹76 to ₹76 per share. The minimum order quantity is 195 Shares. The IPO opens on August 02, 2024, and closes on August 06, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Ola Electric Mobility Ltd IPO will open?

Answer Field

The Ola Electric Mobility Ltd IPO opens on August 02, 2024 and closes on August 06, 2024.

What is the lot size of Ola Electric Mobility Ltd?

Answer Field

Ola Electric Mobility Ltd lot size is 195 shares, and the minimum amount required is ₹14,820.

How to apply for Ola Electric Mobility Ltd IPO?

Answer Field

You can apply in Ola Electric Mobility Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Ola Electric Mobility Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Ola Electric Mobility Ltd IPO will be done on August 07, 2024, and the allotted shares will be credited to your demat account by August 08, 2024.

When is Ola Electric Mobility Ltd IPO listing date?

Answer Field

The Ola Electric Mobility Ltd listing date is August 09, 2024.

Who is the registrar of Ola Electric Mobility Ltd IPO?

Answer Field

The registrar of Ola Electric Mobility Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Kotak Mahindra Capital Company Ltd,Citigroup Global Markets India Pvt Ltd,BofA Securities India Ltd,Goldman Sachs (India) Securities Pvt Ltd,Axis Capital Ltd,ICICI Securities Ltd,SBI Capital Markets Ltd,BOB Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Ola Electric Mobility Ltd IPO?

Answer Field

The fresh issue size is ₹5500 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Ola Electric Mobility Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 195 shares and ₹14,820 amount.

How can I approve the UPI mandate request for Ola Electric Mobility Ltd IPO?

Answer Field

To apply for Ola Electric Mobility Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Ola Electric Mobility Ltd?

Answer Field

The price of each Ola Electric Mobility Ltd share will be ranging in between ₹76 to ₹76 per share.

What is the cut-off time for the UPI mandate for Ola Electric Mobility Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 06, 2024.

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