Ola Electric IPO

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.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

Checkout the List of Upcoming IPO

About the Ola Electric Company

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 IPO Financial Highlights

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

Ola Electric IPO Strengths & Weakness

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

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

How to apply for Ola Electric Ipo ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Ola Electric IPO and approve the payment on your UPI ID.

Demat Account

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