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Open
2 Aug 2024
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Close
6 Aug 2024
3
Allotment
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Listing
Fri, Aug 9, 2024
Price Band
₹72 to ₹76
Issue Size
80,86,99,624 shares (agg. up to ₹6,146 Cr)
Lot Size
195 Shares
Listing Date
Fri, Aug 9, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.85x |
Restated Financials (₹ Cr.)
| 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 |
| Total Income | 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tunwal E-Motors Ltd. | SME | ₹115.64 Cr | ₹59 | 20.71 | ₹60.80 | +3.05% | ₹25.75 (-0.96%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to be incurred by our Subsidiary, OCT for the Project | 1,227.64 |
| 2 | Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET | 800.00 |
| 3 | Investment into research and product development | 1,600.00 |
| 4 | Expenditure to be incurred for organic growth initiatives | 350.00 |
| 5 | General corporate purposes | 1,297.42 |
About Ola Electric Mobility IPO
Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Futurefactory. Since August 2021, the company has launched seven new products and announced four. The Ola S1 Pro, the first EV model, was delivered in December 2021, followed by the Ola S1, Ola S1 Air, Ola S1 X and Ola S1 X+ in the following years. On August 15, 2023, the company announced new EV models and a range of motorcycles including Diamondhead, Adventure, Roadster, and Cruiser. As of October 31, 2023, the company operates its "omnichannel distribution network across India, comprising 870 experience centers and 431 service centers (including 429 service centers in experience centers), in addition to the Ola Electric website. In FY 2023, around 75% of 2W exports from India were destined for Africa, LATAM, and South East Asia, while teh domestic supply of E2W was limited. 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
Contact Details
Ola Electric Mobility Ltd. AddressRegent Insignia, #414, 3rd Floor, 4th Block17thMain100 Feet Road, KoramangalaBengaluru, Karnataka, 560034+91 80 3544 0050ipo@olaelectric.comVisit Website