The Ola Date Will Be Updated Soon .
Ola is India’s largest mobility platform and was founded in 2010. With operations in more than 250 locations around the UK, New Zealand, Australia, and India, it is one of the largest ride-hailing companies in the world.
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Bidding Dates
Coming Soon
Price Range
₹0 per share
Face Value
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GMP
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Ola GMP
The Ola IPO GMP is ₹[].
IPO Overview
Ola Electric IPO is expected to be valued at around Rs 8,500 crore (approximately $1 billion), making it one of the top 15 offerings in India in terms of size. This IPO is even more significant because Ola Electric will be the first pure-play EV manufacturer to list on the Indian stock exchanges. It will also be the first IPO by an automaker in India in over 20 years. It also includes Ola Electric (the electric vehicle arm) and Ola Fleet Technologies (India’s most significant fleet management business).
Ola IPO Financials
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
| FY 2021 | To be updated | To be updated | To be updated |
| FY 2020 | To be updated | To be updated | To be updated |
| FY 2019 | To be updated | To be updated | To be updated |
Ola Peer Comparison
| Name of the Company | Revenue | Gross Transaction Value | Monthly Downloads | Employee Strength |
| Ola | To be updated | To be updated | To be updated | To be updated |
| Uber | To be updated | To be updated | To be updated | To be updated |
Company Profile
Founded in 2010, Ola is the biggest mobility platform in India. It is one of the most excellent ride-hailing entities in the world, operating in over 250 cities across the UK, New Zealand, Australia and India. The recognised Ola app facilitates mobility services by offering a variety of vehicles such as cabs, metered taxis, auto-rickshaws and bikes. With its transparency and convenience, this company has a large customer base and more than 1.5 million empowered driver-partners. Thanks to its openness and ease, this organization has a sizable customer base and more than 1.5 million empowered driver-partners. Ankit Bhati and Bhavish Aggarwal founded Ola, and its headquarters are in Bangalore.
Ola has the first-mover advantage in India as a cab aggregator. The business model of Ola makes it difficult to control the cab drivers. Drivers play a crucial role in creating the brand image. If a driver misbehaves with the consumers, it will sabotage the reputation of this firm.
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.
