The Ola Date Will Be Updated Soon. Read the post to learn about Ola IPO GMP.
Ola IPO GMP was established in 2010 and is the biggest mobility platform in India. It is also one of the biggest ride-hailing businesses globally, with over 250 sites across the UK, New Zealand, Australia, and India. Mobility services are made more accessible by the well-known Ola app, which provides a range of vehicles, including motorcycles, autorickshaws, metered taxis, and taxis. Ola has become a prosperous platform, handling more than 1 billion rides annually.
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Key Details Of Ola IPO:
Bidding Dates
Coming Soon
Price Range
₹0 per share
Face Value
₹0 per share
GMP
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Ola IPO GMP
The Ola IPO GMP is ₹0.
Ola IPO Overview
Ola Electric’s IPO is projected to be valued at roughly Rs 8,500 crore (nearly $1 billion), placing it among India’s top 15 offerings in size. The Ola IPO GMP is ₹0. Ola Electric will be the first pure-play EV manufacturer to list on the Indian stock markets, making this IPO even more noteworthy. In addition, it will mark the first automobile IPO in India in more than 20 years. It also consists of Ola Fleet Technologies, India’s largest fleet management company, and Ola Electric, the division that deals with electric vehicles.
Since Ola was India’s first significant taxi aggregator, it had an advantage in building its brand. The platform has garnered many rounds of venture capital investments, indicating its financial stability and ability to grow and extend its operations. Thanks to the user-friendly internet application, customers can now easily book rides, which has aided Ola’s services’ rapid city-wide development. Ola has successfully raised user awareness through print media, internet platforms, and TV marketing, making the brand well-known and top-of-mind for prospective buyers.
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
Ola is the largest mobility platform in India, having been founded in 2010. With operations in over 250 locations around the UK, New Zealand, Australia, and India, it is among the best ride-hailing services globally. The well-known Ola app provides a range of vehicles, including taxis, metered taxis, auto-rickshaws, and bikes, to provide mobility services. This organisation boasts over 1.5 million empowered driver-partners and a sizable client base because of its ease of use and transparency. This organisation boasts more than 1.5 million empowered driver-partners and a substantial client base because of its openness and ease of use. Ankit Bhati and Bhavish Aggarwal started Ola and its headquarters in Bangalore.
As a taxi aggregator, Ola enjoys a first-mover advantage in India. Ola’s business model makes maintaining control over the taxi drivers challenging. An important factor in establishing the brand image is the drivers. A driver who mistreats customers will damage this company’s image.
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Customers, mainly from the United States, are relied on heavily.
- Several rules and regulations must be followed in these nations to guarantee compliance.
- Competition from other players in the market.
Ola FAQs
Has Ola obtained any Term Loan B in 2021?
Ola fetched $ 500 millions via a TLB (Term Loan B) in December 2021. It has obtained the amount from marquee institutional investors.
What is the operating revenue of Ola in FY 21?
The operating revenue of Ola in FY 21 is Rs. 689.6 crores, marking a 65% drop from FY 20. This is because the COVID-19 pandemic brought about nationwide lockdowns that affected travel.
Where is Ola Futurefactory located?
Ola Futurefactory is located in Krishnagiri, Tamil Nadu. This facility focuses on producing an e-scooter every 2 seconds.