Investing in the Ola Electric IPO represents not just an investment in a leading company in the growing EV market but a stake in the future of sustainable urban mobility. Prospective investors have a unique opportunity to contribute to and benefit from the electric revolution Ola Electric Mobility is poised to lead. This guide is your essential primer for understanding the Ola Electric IPO.
Apply IPO Online|
Opening Date 2 August 2024 |
Closing Date 6 August 2024 |
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Price Band ₹72 to ₹76 per share |
Issue Size 6,146 Cr |
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Face Value ₹10 per share |
Market Lot 195 Shares |
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Listing at NSE,BSE |
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| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 195 | ₹14,820 |
| Retail (Max) | 13 | 2535 | ₹192,660 |
| S-HNI (Min) | 14 | 2,730 | ₹207,480 |
| S-HNI (Max) | 67 | 13,065 | ₹992,940 |
| B-HNI (Min) | 68 | 13,260 | ₹1,007,760 |
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Ola Electric Mobility, a luminary in India's EV sphere, is vigorously forging technology and manufacturing capabilities to lead in the EV and components sector, including pioneering cell technology. Since its introduction into the market with the Ola S1 Pro in December 2021, the company has expanded its product line to include four more models and announced six upcoming ones, setting the stage for deliveries in Fiscal 2025 and 2026.
Within nine months of its first delivery, Ola Electric emerged as India's top-selling E2W brand and recorded the highest revenue among Indian E2W OEMs in Fiscal 2023. The company's robust focus on R&D across its global hubs in India, the UK, and the US underpins its product innovation.
Ola Electric's financial trajectory underscores its robust growth and strategic business model. In the fiscal year ending March 31, 2023, the company reported a total income of Rs. 27,826.97 million, a testament to its leadership in the Indian EV market.
However, the company also faces challenges, with a negative EBITDA indicating ongoing expansion and product development investments. The financial table below provides a detailed look at the company's financial performance over the last three years:
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Total Income (in Million) | 27,826.97 | 4,562.60 | 1,060.81 |
| EBITDA (in Million) | -11,970.98 | -7,176 | -1,788 |
| Total Borrowings (in Million) | 16,457.53 | 7,504 | 389 |
| Debt to Equity Ratio | 0.72 | -0.1 | -0.62 |
| Return on Net Worth (%) | -62.47 | -21.42 | -10.11 |
| Earnings Per Share (EPS) in ₹ | -3.91 | -2.23 | -0.59 |
The table below encapsulates the strengths and weaknesses inherent in Ola Electric Mobility's business model, providing potential investors with a balanced view.
| Strengths | Weaknesses | ||
|---|---|---|---|
| Integrated technology approach | Limited operating history | ||
| Vertically integrated manufacturing | Ongoing losses and negative cash flows | ||
| D2C omnichannel distribution | Supply chain risks | ||
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The IPO price range has yet to be announced. Keep an eye on official announcements for updates.
Ola Electric Mobility has quickly established itself as a leader in India's E2W market, with significant growth in total income and a wide product offering set to expand further.
Details regarding the IPO lot size are pending announcement. Stay tuned for further information.
Specifics on the minimum investment requirement will be disclosed following the announcement of the IPO details.
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