Founded in 2010, Ola is the biggest mobility platform in India. It is one of the greatest ride-hailing entities in the world, operating in over 250 cities across the UK, New Zealand, Australia and India. The recognised Ola app facilitates mobility services by offering a variety of vehicles such as cabs, metered taxis, auto-rickshaws and bikes. With its transparency and convenience, this company has a large customer base and more than 1.5 million empowered driver-partners.
The headquarter of Ola is located in Bangalore, with Ankit Bhati and Bhavish Aggarwal as its founders. Through data sciences and engineering, the platform ensures a steady back-end system and offers a comfortable experience to the driver-partners and riders. Ola now plans to float its initial public offering to reach greater heights.
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
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Financial year||Total Assets||Total Revenue||Profit After Tax|
|FY 2021||To be updated||To be updated||To be updated|
|FY 2020||To be updated||To be updated||To be updated|
|FY 2019||To be updated||To be updated||To be updated|
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Below are your top reasons:
Ola has emerged as a successful platform with over 1 billion rides served each year.
It also includes Ola Electric (the electric-vehicle arm) and Ola Fleet Technologies (the biggest fleet management business in India).
Ola Skilling focuses on ensuring livelihood opportunities for the youth in India.
It has acquired Ridlr, a leading ticketing and public transport commuting app in the country.
Further, it has invested in Vogo, which offers keyless scooter and bike rentals across Hyderabad and Bangalore.
It also extends its customer offerings such as credit led payments and micro-insurance via Ola Financial Services.
Under Ola Foods, it offers a variety of food brands via the biggest network of kitchens in India.
|Ola has the first-mover advantage in India as a cab aggregator.||There is no clarity in the government regulations concerning the taxi service sector. The changing regulations and rules continuously threaten taxi providers.|
|Several rounds of venture capital investments make the platform financially strong.||Ola faces tough competition from Uber and other local emerging platforms.|
|Online application and rapid expansion enhance the business of this company.||The business model of Ola makes it difficult to control the cab drivers. Drivers play a crucial role in creating the brand image. If a driver misbehaves with the consumers, it will sabotage the reputation of this firm.|
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In 2020-21, the standalone operating profit for Ola was Rs. 89.82 crores.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.