Ola Electric Mobility Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Ola Electric Mobility Ltd IPO

Ola Electric Mobility Limited is a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components. The Company manufactures EVs and certain core EV components at the Ola Futurefactory. The Company has delivered seven products and additionally announced four new products. The Company is building its EV hub in Tamil Nadu, India, comprising its Ola Futurefactory for EV manufacturing, its Ola Gigafactory for cell manufacturing, and co-located suppliers. The Company operates a direct-to-customer omnichannel distribution network across India, comprising 870 experience centres and 431 service centres as at March 31, 2024, and its Ola Electric website.

Ola Electric Mobility Ltd IPO Details

Total Shares Offered

₹ 80,86,26,208

Offer to Public

8,49,41,997

Retail Max (Shares)

₹ 8,07,90,252

Pre Issue Promoters Holding

₹ 1,66,44,13,358

Exchange

BSE

Issue size

₹ 6145.56 Cr

IPO Open Date

Aug 2, 2024

Close Date

Aug 6, 2024

Lot Size

195

Min Investment

₹ 14,040

Issue Type

Book Building

Listing Date

Aug 9, 2024

Ola Electric Mobility Ltd IPO Dates

Aug 2, 2024

Opening date

Aug 6, 2024

Closing date

Aug 7, 2024

Basis of Allotment

Aug 8, 2024

Initiation of Refunds

Aug 8, 2024

Credit of Shares

Aug 9, 2024

Listing date

Details

Sector	Type
Sector	Automobiles - Motorcycles
Sub Sector	Mopeds
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	605926893
NII	0x	121185379
Retail	0x	80790252
Employee	0x	723684
Total	0x	808626208

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

605926893

121185379

80790252

723684

808626208

Ola Electric Mobility Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	4,514.00	5,010.00	2,630.93
EBITDA	-34.00	-15.00	-23.94
PAT	-40.00	-27.00	-38.74
Total Assets	2,505.00	1,881.00	1,677.89
Share Capital	4,411.00	4,928.00	3,765.15
Total Borrowings	1,178.00	935.00	422.55
Operating Activities (Net Cash)	-37.00	-21.00	-31.34
Investing Activities (Net Cash)	9,008.00	3,906.00	2,508.56
Financing Activities (Net Cash)	1,178.00	935.00	422.55
Net Cashflow	1,888.00	1,260.00	1,224.83

About Ola Electric Mobility Ltd

Ola Electric Mobility Limited was incorporated as `Ola Electric Mobility Private Limited' at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated February 3, 2017, issued by the Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted to a public limited company and the name of the Company changed to `Ola Electric Mobility Limited' pursuant to a Shareholders' resolution dated October 5, 2023 and a fresh certificate of incorporation dated November 17, 2023 was issued by the Registrar of Companies, Karnataka at Bengaluru (RoC).

E2Ws are at the forefront of the electrification of mobility in India due to their favourable total cost of ownership and the Indian government's production-linked incentives and subsidies to promote domestic manufacturing and adoption of EVs. E2W penetration in India is expected to expand from approximately 5.4% of domestic 2W registrations in Fiscal 2024 to 41-56% of domestic 2W sales volume by Fiscal 2028, while the Indian E2W industry is expected to grow at a CAGR of 11% to reach a size of US$35 billion (Rs.2.8 trillion) to US$45 billion (Rs.3.6 trillion) in Fiscal 2028. Further, markets like Africa, LATAM and SE Asia provide a significant export opportunity for Indian E2W OEMs.

Peer Comparison:

TVS Motor Company Ltd
Eicher Motors Ltd
Bajaj Auto Ltd
Hero MotoCorp Ltd

Ola Electric Mobility Ltd Key Points

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.

Risk

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.

Strategy

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.

How To Apply for Ola Electric Mobility Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Ola Electric Mobility Ltd IPO?

Ola Electric Mobility Ltd's IPO offers shares for up to 5,500 It begins on Aug 2, 2024 and ends on Aug 6, 2024.

What is the price of the Ola Electric Mobility Ltd IPO?

The price of Ola Electric Mobility Ltd IPO ranges between ₹72 to ₹76 per share.

What are the open and close dates for the Ola Electric Mobility Ltd IPO?

The Ola Electric Mobility Ltd IPO opens on Aug 2, 2024 and closes on Aug 6, 2024.

When will the Ola Electric Mobility Ltd IPO be allotted?

The allotment for the Ola Electric Mobility Ltd IPO will be finalised on Aug 7, 2024. The shares will be listed on BSE and NSE on Aug 9, 2024.

What is the minimum lot size required for Ola Electric Mobility Ltd IPO?

The minimum lot size for Ola Electric Mobility Ltd IPO is 195 shares, priced between ₹72 to ₹76 per share.

What is the GMP of Ola Electric Mobility Ltd IPO?

The GMP (Grey Market Premium) of Ola Electric Mobility Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Ola Electric Mobility Ltd IPO?

To check the allotment status of Ola Electric Mobility Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Ola Electric Mobility Ltd IPO getting listed?

The Ola Electric Mobility Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 2, 2024, and closes on Aug 6, 2024. The allotment is finalised on Aug 7, 2024.

How do you apply for the Ola Electric Mobility Ltd IPO?

To apply for the Ola Electric Mobility Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.