Ola Electric Mobility Ltd IPO

Ola Electric Mobility Ltd IPO

Automobile

mainboard

Bidding period

02 Aug 2024 - 06 Aug 2024

Bid price

₹76.00 - ₹76.00

Listing on

BSE, NSE

Listing date

09 Aug 2024

Lot size

195 shares

Issue size

₹6,145.56 crore


Minimum investment

₹14,820.00 / 1 lot

Maximum investment

₹1,92,660.00 / 13 lot

Bidding closed on 06 Aug 2024

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Ola Electric Mobility Ltd IPO dates

IPO opening date

02 Aug 2024

IPO end date

06 Aug 2024

Allotment date

07 Aug 2024

Initiation of refunds

08 Aug 2024

Credit of shares to demat

08 Aug 2024

IPO listing date

09 Aug 2024

Ola Electric Mobility Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹7,735.41
Total liabilities ₹7,735.41
Total expenditure ₹6,821.62
Total revenue ₹5,243.27
Profit after tax -₹1,584.40
EBITDA -₹1,040.19
Adjusted EBITDA ₹0.00

Ola Electric Mobility Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 45.14 0.0
Public group 54.86 0.0

Ola Electric Mobility Ltd strengths and risks

Information currently unavailable

  • 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.

  • Direct to customer omnichannel distribution model.

  • Eligibility for EV-related government incentives leading to cost advantages.

  • Execution excellence.

  • 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.

  • The company could experience supply constraints, increased prices and quality issues in the supply of raw materials used in cell manufacturing, which could adversely affect cell manufacturing at its Ola Gigafactory and the quality of the cells produced therefrom.

  • The company design and develop certain core electric vehicle components in-house and procure certain electric vehicle components from foreign and domestic suppliers. If its electric vehicles, electric vehicle components or raw materials used in the manufacture of the company's electric vehicles contain defects or have quality issues, or if its electric vehicles does not perform as per industry standards and/or fail to meet the performance levels advertised, its brand, reputation and ability to develop, market and sell its electric vehicles could be adversely impacted.

  • If the company vehicles become ineligible for the EMPS 2024 subsidy its may become less competitive due to higher product pricing (without the subsidies), potentially impacting its business and financial performance.

  • If the company is unable to claim government incentives under the PLI Schemes or the PLI Schemes are discontinued, its may become less competitive due to higher product pricing (without the subsidies), potentially impacting its business, profitability and financial performance.

  • The company intend to utilize Rs. 16,000 million out of the Net Proceeds for investment into research and development purposes of the Company, which constitutes a significant portion of the Net Proceeds which the company propose to raise pursuant to the Offer. Its cannot assure you that such investment into research and development will proceed as planned and result in creation of tangible assets or achieve results as anticipated.

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

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Ola Electric Mobility Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Ola Electric Mobility Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Ola Electric Mobility Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 810 811 4949
E-mail ID olaelectric.ipo@linkintime.co.in
Website www.linkintime.co.in

Ola Electric Mobility Ltd IPO reservation

QIB shares offered

24,23,70,750 (29.97%)

NII (HNI) shares offered

12,11,85,380 (14.99%)

Retail shares offered

8,07,90,260 (9.99%)

Anchor investor shares offered

36,35,56,130 (44.96%)

Total shares offered

80,86,26,176

Total shares with anchor investor

80,86,26,176

Ola Electric Mobility Ltd IPO lead manager

  • 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

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Ola Electric Mobility Ltd IPO?

The listing date for the Ola Electric Mobility Ltd IPO is 09 Aug 2024.

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

The issue size of the Ola Electric Mobility Ltd IPO is ₹6,145.56 cr.

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

The minimum lot size for Ola Electric Mobility Ltd IPO is 195

When does the Ola Electric Mobility Ltd open and close?

Ola Electric Mobility Ltd IPO is open from 02 Aug 2024 to 06 Aug 2024.

How can I apply for the Ola Electric Mobility Ltd IPO?

To apply for the Ola Electric Mobility Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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