Ola Electric Mobility Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Ola Electric

CMP

74.33

+1.61 (2.21%)

  • DRHP
₹76

Offer Price

₹ 6,145.56 Cr

Issue Size

₹ 14,820

Min Investment

4.27x

Times Subscribed

195

Lot size

Time Line

  • 02
    Aug 2024
    Open
  • 06
    Aug 2024
    Close
  • 07
    Aug 2024
    Finalisation of Basis of Allotment
  • 08
    Aug 2024
    Initiation of Refunds
  • 08
    Aug 2024
    Transfer of Shares to Demat Account
  • 09
    Aug 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Build "India" centric EV products with an "India first" strategy.

  • Continue to invest in R&D to advance its technological capabilities and optimize costs.

  • Building an EV hub with vertically integrated manufacturing and supply chain to improve cost efficiency.

  • Develop its cell technology and strengthen its in-house manufacturing capabilities.

  • Expand the product portfolio to drive market penetration.

Products & Services

  • Ola Electric Mobility Limited is a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components.

Strengths

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

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

  • In-house R&D and technology capabilities.

  • Manufacturing at scale and supply chain resilience.

  • Scalable platform-based design and development approach.

Risks

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
45.14%
Pre Holding

45.14%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 373.42 (43,320.90%) 2,630.93 (604.60%) 5,009.83 (90.40%)
Gross Profit -735.17 (-309.30%) -1,305.02 (-77.50%) -1,226.76 (6.00%)
Net Income -784.15 (-293.60%) -1,472.08 (-87.70%) -1,584.40 (-7.60%)
Assets 4,470.33 (121.90%) 4,177.85 (-6.50%) 4,904.32 (17.40%)
Liabilities 781.45 (4,599.00%) 1,793.98 (129.60%) 2,857.56 (59.30%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Ola Electric Mobility Ltd 5,009.83 -1,584.40 4,904.32 2,857.56 -78.46 -8.10 -4.74 1.42 0.55
TVS Motor Company Ltd 39,144.74 1,686.37 42,220.46 42,220.46 24.85 35.50 158.10 3.99 3.73
Eicher Motors Ltd 16,535.78 4,001.01 23,127.93 23,127.93 22.17 146.18 659.08 17.29 0.02
Bajaj Auto Ltd 44,870.43 7,708.24 39,343.69 39,343.69 26.61 272.70 1,037.41 19.59 0.06
Hero MotoCorp Ltd 37,788.62 3,744.83 26,152.79 26,152.79 21.15 187.04 892.17 14.31 0.02

Book Running Managers

  • 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

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Regent Insignia #414 3rd Floor,
4th Block 17 Main 100 Ft Road,
Bangalore - 560034
Phone : +91 80 3544 0050 Email : ipo@olaelectric.com www.olaelectric.com

Offer Related Information

initial public offering of 808,699,624# equity shares of face value of Rs. 10 each of Ola Electric Mobility Limited (The "Company" or the "Company") for cash at a price of Rs. 76 per equity share (including a premium of Rs. 66 per equity share) ("Offer Price") aggregating to Rs. 6145.56#^ crores (the "Offer") comprising a fresh issue of 723,757,627# equity shares of face value of Rs. 10 each aggregating to Rs. 5500.00#^ crores (the "Fresh Issue") and an offer for sale of 84,941,997# equity... More

News

  • No Data Found.

Ola Electric FAQ's

The shares of Ola Electric were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Ola Electric IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Ola Electric public issue was 125 shares.

The price band of the IPO of Ola Electric was Rs. 114 to Rs. 120 per equity share.

Ola Electric IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Ola Electric IPO.

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