The Ola Electric date has been confirmed from August 2, 2024 and closes on August 6, 2024. Read the post to learn about Ola Electric IPO GMP.
Ola Electric IPO is a fixed price issue of Rs 6,145.56 crores. The price price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 195 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (2,730 shares), amounting to ₹207,480, and for bNII, it is 68 lots (13,260 shares), amounting to ₹1,007,760.
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Key Details Of Ola Electric IPO
Bidding Dates
August 2-6
Price Range
₹72 to ₹76 per share
Face Value
₹10 per share
GMP
₹-3
Ola Electric IPO GMP
The Ola Electric IPO GMP is ₹-3.
IPO Overview
OLA Electric’s IPO is a book-built issuance for Rs 6,145.56 crore. The offering consists of a fresh issue of 72.37 crore shares valued at Rs 5,500.00 crores and an offer for sale of 8.49 crore shares valued at Rs 645.56 crores. The OLA Electric IPO will be open for subscriptions on August 2, 2024 and close on August 6, 2024. The allotment for the OLA Electric IPO is expected to be completed on Wednesday, August 7, 2024. The OLA Electric IPO will list on the BSE and NSE, with an anticipated listing date of Friday, August 9, 2024.
The OLA Electric IPO pricing band is from ₹72 to ₹76 per share. The minimum lot size for an application is 195 shares. The minimum investment for retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (2,730 shares) for ₹207,480, while for bNII, it is 68 lots (13,260 shares) worth ₹1,007,760.
Ola Electric IPO Details
| IPO Date | August 2, 2024 to August 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 per share |
| Lot Size | 195 Shares |
| Total Issue Size | 808,626,207 shares (aggregating up to ₹6,145.56 Cr) |
| Fresh Issue | 723,684,210 shares (aggregating up to ₹5,500.00 Cr) |
| Offer for Sale | 84,941,997 shares of ₹10 (aggregating up to ₹645.56 Cr) |
| Employee Discount | Rs 7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 3,687,072,258 |
| Share holding post issue | 4,410,756,468 |
Ola Electric Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,735.41 | 5,573.17 | 5,395.86 | 2,112.64 |
| Revenue | 5,243.27 | 2,782.70 | 456.26 | 106.08 |
| Profit After Tax | -1,584.40 | -1,472.08 | -784.15 | -199.23 |
| Net Worth | 2,019.34 | 2,356.44 | 3,661.45 | 1,970.62 |
| Reserves and Surplus | -2,882.54 | -1,380.03 | -68.83 | 1,999.30 |
| Total Borrowing | 2,389.21 | 1,645.75 | 750.41 | 38.87 |
| Amount in ₹ Crore | ||||
Ola Electric IPO Timeline
| IPO Open Date | Friday, August 2, 2024 |
| IPO Close Date | Tuesday, August 6, 2024 |
| Basis of Allotment | Wednesday, August 7, 2024 |
| Initiation of Refunds | Thursday, August 8, 2024 |
| Credit of Shares to Demat | Thursday, August 8, 2024 |
| Listing Date | Friday, August 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2024 |
Company Profile
Ola Electric Mobility Limited, founded in 2017, is an electric vehicle firm that manufactures electric vehicles as well as core components for electric vehicles such as battery packs, motors, and vehicle chassis at its Ola Futurefactory. Since August 2021, the company has introduced seven new goods and announced four. The first EV model, the Ola S1 Pro, was delivered in December 2021, and it was followed by the Ola S1, Ola S1 Air, Ola S1 X, and Ola S1 X+ in subsequent years. On August 15, 2023, the business revealed new EV vehicles as well as a motorcycle lineup that included the Diamondhead, Adventure,
Roadster, and Cruiser. As of October 31, 2023, the company’s “omnichannel distribution network” in India includes 870 experience centres and 431 service centres (including 429 service centres within experience centres), as well as the Ola Electric website. In FY 2023, around 75% of India’s 2W exports were intended for Africa, Latin America, and Southeast Asia, while domestic supply of E2W was limited. The R&D and technology platform includes in-house design and development of EV technologies and components. The platform allows for flexible production and supply chain management, as well as D2C omnichannel sales.
The business model relies on three key scalable platforms:
- The R&D and technology platform with in-house design and development of EV technologies and components,
- The adaptable production and supply chain platform and
- The D2C omnichannel sales platform
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Ola Electric Mobility Limited |
| Phone number | +91 80 3544 0050 |
| Email ID | [email protected] |
| Website | olaelectric.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Ola Electric IPO FAQs
When OLA Electric IPO will open?
The OLA Electric IPO opens on August 2, 2024 and closes on August 6, 2024.
What is the lot size of OLA Electric IPO?
OLA Electric IPO lot size is 195 Shares, and the minimum amount required is ₹14,820.
When is OLA Electric IPO allotment?
The finalization of Basis of Allotment for OLA Electric IPO will be done on Wednesday, August 7, 2024, and the allotted shares will be credited to your demat account by Thursday, August 8, 2024.
When is OLA Electric IPO listing date?
The OLA Electric IPO listing date is not yet announced. The tentative date of OLA Electric IPO listing is Friday, August 9, 2024.
