Ola Electric Mobility IPO
Ola Electric Mobility IPO is listed on BSE and NSE, priced at ₹72–₹76 per share. The stock debuted at ₹76 with a flat listing performance. The IPO had a lot size of ₹195 shares and a minimum investment of ₹14,820.
Ola Electric Mobility Limited IPO
- IPO Dates
- Aug 2, 2024 – Aug 6, 2024
- Price band
- ₹72-76 per equity share
- Minimum Investment
- ₹14,820
- Issue size
- ₹6145.56 Cr
- Lot size
- 195
- Allotment Date
- Aug 7, 2024
- Listing
- Aug 9, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Aug 2, 2024
Open Date
Completed
-
Aug 6, 2024
Close Date
Completed
-
Aug 7, 2024
Allotment Date
Completed
-
Aug 9, 2024
Listing Date
Completed
Price Summary
- Last closing
- 45.63 (-39.96%)
- 52 week high
- 71.25
- 52 week low
- 22.25
- Last update
Ola Electric Mobility IPO Essentials
Ola Electric Mobility IPO Details
Ola Electric Mobility IPO is priced at ₹72-76 per share with a total issue size of 6145.56 crore. The IPO has a lot size of 195 shares and is listed on BSE and NSE.
- Issue price
- ₹72-76 per equity share
- Lot size
- 195 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹6,145.56 Cr :
#Fresh Issue : 723,684,210 shares(aggregating up to ₹5,500 Cr) +
#OFS : 84,941,997 shares of ₹10(aggregating up to ₹645.56 Cr) - Total issue size
- 80,86,26,207 shares
(aggregating up to ₹6145.56 crore) - Fresh issue
- 72,36,84,210 shares
(aggregating up to ₹5500 crore) - Offer for sale (OFS)
- 8,49,41,997 shares
(aggregating up to ₹645.56 crore) - Listing at
- BSE, NSE
- List price
- 76.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, SBI Capital Markets Limited
Market Lot Size
Investors can bid for a minimum of 195 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 195 | ₹14,820 |
| Retail(max) | 13 | 2535 | ₹1,92,660 |
| sHNI(min) | 14 | 2730 | ₹2,07,480 |
| sHNI(max) | 67 | 13065 | ₹9,92,940 |
| sHNI(min) | 68 | 13260 | ₹10,07,760 |
Ola Electric Mobility IPO Reservation
Ola Electric Mobility IPO reservation details show category-wise allocation of shares. Out of the total 808,699,625 shares, approximately 29.97% are reserved for QIB, 14.99% for NII, 9.99% for retail investors, 0.1% for employees, and 44.96% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 363,556,135 (44.96%) | |
| QIB Shares Offered | 242,370,750 (29.97%) | |
| NII (HNI) Shares Offered | 121,185,387 (14.99%) | |
| bHNI > ₹10L | 80,790,252 (9.99%) | 29,593 |
| sHNI < ₹10L | 40,395,135 (5%) | 14,796 |
| Retail Shares Offered | 80,790,252 (9.99%) | 414,308 |
| Employee Shares Offered | 797,101 (0.1%) | |
| Total Shares Offered | 808,699,625 (100%) |
Ola Electric Mobility IPO Analytics
Ola Electric Mobility IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ola Electric Mobility IPO Subscription Status
Ola Electric Mobility IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 242,370,750 |
121,185,387
80,790,252
40,395,135
|
80,790,252 | 445,143,490 |
|
Day 1
02-08-24 05:00 PM
|
0.00 x |
0.20x
0.13x
0.35x
|
1.57 x | 0.35 x |
|
Day 2
05-08-24 05:00 PM
|
0.40 x |
1.11x
1.12x
1.09x
|
2.87 x | 1.06 x |
|
Day 3
06-08-24 05:00 PM
|
5.31 x |
2.39x
2.62x
1.93x
|
3.85 x | 4.26 x |
Ola Electric Mobility Valuations
Earnings
- EPS Pre IPO
- -₹4.3/-
- EPS Post IPO
- -₹3.59/-
- P/E Pre IPO
- -17.69
- P/E Post IPO
- -21.16
Returns
- RoNW
- -78.46%
Fundamentals
- Price / Book
- 13.72
Ola Electric Mobility Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 7,735.41 | 5,573.17 | 5,395.86 |
| Revenue | 5,243.27 | 2,782.70 | 456.26 |
| Profit After Tax | -1,584.40 | -1,472.08 | -784.15 |
| Net Worth | 2,019.34 | 2,356.44 | 3,661.45 |
| Reserves & Surplus | -2,882.54 | -1,380.03 | -68.83 |
| Total Borrowing | 2,389.21 | 1,645.75 | 750.41 |
Ola Electric Mobility Company & Offer Insights
About Ola Electric Mobility
Ola Electric Mobility Limited is an electric vehicle company that was established in 2017. Here, the company mainly manufactures electric vehicles and certain core components for electric vehicles, like battery packs, motors, and vehicle frames, at the Ola Futurefactory.Since August 2021, it has rolled out seven new models and unveiled four. It shipped the Ola S1 Pro, which became the company's first electric model, in December 2021, then delivered the Ola S1 in the subsequent year, then released the Ola S1 Air, the Ola S1 X and, lastly the Ola S1 X+, on August 15, 2023 it unveiled more models of electric as well as various motorbikes from Diamondhead to Roadster as well as the Cruiser.
As of October 31, 2023, the company manages its 'omnichannel distribution network across India, comprising 870 experience centers and 431 service centers (which includes 429 service centers within experience centers) along with Ola Electric's website.Of the total two-wheeler exports from India in FY 2023, almost 75 percent were headed towards Africa, LATAM, and South East Asia, while home supply of E2W was abysmally low.
The business model is based on three scalable platforms: the R&D and technology platform, which has in-house design and development of EV technologies and components; the adaptable production and supply chain platform; and the D2C omnichannel sales platform.The company as of March 31, 2024 has a total number of 959 employees that includes 907 permanent and 52 freelancers with special focus in their work, being devoted to development through research, especially on products, vehicle, software, designing vehicle, and development of the cells.
Ola Electric Mobility Promoter(s)
Bhavish Aggarwal are the company's promoters of Ola Electric Mobility.
Ola Electric Mobility IPO Issue Objectives
- •
- Capital expenditure to be incurred by its Subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from 5GWh to 6.4 GWh, classified as phase 2 under the expansion plan(the Project)
- •
- Repayment or pre-payment, in full or part, of the indebtedness incurred by its Subsidiary, OET
- •
- Investment into research and product development
- •
- Expenditure to be incurred for organic growth initiatives
- •
- General corporate purposes
Ola Electric Mobility IPO - Anchor Investors
Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors.
About Rs 1,117 crore was allotted to domestic mutual funds (MF) that included SBI MF, HDFC MF, Nippon MF and UTI MF.
SBI Mutual Fund (MF), HDFC MF, Nippon India MF, Sundaram MF, Bandhan MF, Bharti Axa Life Insurance Company, Kotak Mahindra Life Insurance Company, Government Pension Fund Global, Nomura India Investment Fund, Goldman Sachs (Singapore) Pte Ltd, and Fidelity were allotted shares in the anchor round.
Ola Electric Mobility IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ola Electric Mobility Limited | -4.35 | -4.35 | 5.54 | N/A | -78.46 | N/A | Consolidated |
| Tvs Motor Company Ltd. | 35.5 | 35.5 | 158.1 | 69.69 | 23.68 | 15.49 | Consolidated |
| Eicher Motors Ltd. | 146.18 | 145.92 | 659.06 | 36.78 | 22.17 | 7.44 | Consolidated |
| Bajaj Auto Ltd. | 272.7 | 272.7 | 1037.41 | 29.95 | 26.61 | 9.38 | Consolidated |
| Hero Motocorp Ltd. | 187.36 | 187.04 | 892.08 | 27.16 | 20.98 | 6.06 | Consolidated |
Notes:
- The Basic/Diluted EPS refers to the Basic/Diluted EPS sourced from the financial statements of the respective peer group companies for the year ended March 31, 2024.
- The RoNW is computed as net profit after tax attributable to shareholders divided by total equity attributable to the equity shareholders as on March 31, 2024. Return on Net worth (%) is calculated as loss for the year divided by Net Worth at the end of the respective year.
- NAV per equity share refers to total equity attributable to the equity shareholders as at the end of the financial year divided by the number of Equity Shares outstanding at the end of the year.
- The P/E ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on July 25, 2024, divided by the Diluted EPS for financial year ended March 31, 2024.
Ola Electric Mobility IPO - Strengths and Risks
Ola Electric Mobility IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Ola Electric Mobility
+91 80 3544 0050
Regent Insignia, #414, 3rd Floor, 4th Block, 17thMain100 Feet Road, Koramangala, Bengaluru 560034
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Ola Electric Mobility IPO is a book-built IPO worth ₹6145.56 crore. The price band is ₹72–₹76 per share. The IPO opens on Aug 2, 2024 and closes on Aug 6, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Ola Electric Mobility IPO is ₹72 to ₹76 per share.
The lot size of Ola Electric Mobility IPO is 195 shares.
The minimum investment for Ola Electric Mobility IPO is approximately ₹14,820 based on the upper price band .
Ola Electric Mobility IPO opens on Aug 2, 2024 and closes on Aug 6, 2024.
The allotment date of Ola Electric Mobility IPO is Aug 7, 2024.
Ola Electric Mobility IPO is expected to be listed on Aug 9, 2024, on BSE and NSE .
Ola Electric Mobility IPO listed on Aug 9, 2024. It was issued at ₹76.0(NSE) and is currently around ₹45.63 as on 12-Jun-2026 3:30 PM, which is approximately -40.0% versus issue price. The 52-week high is ₹71.25.
Based on listing and post-listing performance, Ola Electric Mobility IPO delivered around -40.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Ola Electric Mobility IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Ola Electric Mobility IPO valuation snapshot: P/E -21.16, EPS -₹3.59/-, P/B 13.72, RoNW -78.46%, and market cap N/A.
To apply for Ola Electric Mobility IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ola Electric Mobility IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ola Electric Mobility IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ola Electric Mobility IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ola Electric Mobility IPO allotment status on IPO Ji for quick and easy access.