Ola Electric Mobility IPO GMP Today, Ola Electric Mobility IPO Grey Market Premium Updates | Ola Electric Mobility IPO, Latest target, Opening gain
- Its R&D and technology platform with in-house design and development across EV technologies and components,
- The adaptable manufacturing and supply chain platform.
Since August 2021, the company has launched four new products and announced six. The Ola S1 Pro, the first EV model, was delivered in December 2021, followed by the Ola S1, Ola S1 Air, and Ola S1 X+ in subsequent years. On August 15, 2023, they announced new EV scooter models and a lineup of motorcycles comprising Diamondhead, Adventure, Roadster, and Cruiser.
As of October 31, 2023, the company has 974 on- and off-roll employees focused on research and development. They are dedicated to product development, vehicle and software engineering, vehicle design, and cell development.
Ola Electric Mobility IPO Details:
| Issuer | Ola Electric Mobility IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 02 August 2024 | |
| Issue Closes: 06 August 2024 | ||
| Price Brand | ₹72 to ₹76 per share | |
| Issue Size | ₹6145.56 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 195 Shares | |
| Retail (Max) | ₹192,660 | |
| QIB | 75% | |
| HNI | 15% | |
| Retail Individual Bidders | 10% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 808,626,207 Shares | |
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Ola Electric Mobility IPO GMP Rates day by day
Ola Electric Mobility IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 195 | ₹14,820 |
| Retail (Max) | 13 | 2,535 | ₹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 |
Ola Electric Mobility IPO Date, Allotment & Listing:
| Ola Electric Mobility IPO Opening Date: | AUGUST 02, 2024 |
| Ola Electric Mobility IPO Closing Date: | AUGUST 06, 2024 |
| Basis of Allotment: | AUGUST 07, 2024 |
| Initiation of Refunds: | AUGUST 08, 2024 |
| Credit to Demat Account: | AUGUST 08, 2024 |
| Listing Date: | AUGUST 09, 2024 |
Ola Electric Mobility Limited Financial Information (Restated):
Ola Electric Mobility Limited’s revenue increased by 509.89% and profit after tax (PAT) dropped by -87.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,711.12 | 5,573.17 | 5,395.86 | 2,112.64 |
| Revenue | 1,278.68 | 2,782.70 | 456.26 | 106.08 |
| Profit After Tax | -267.16 | -1,472.08 | -784.15 | -199.23 |
| Net Worth | 2,111.51 | 2,356.44 | 3,661.45 | 1,970.62 |
| Reserves and Surplus | -1,625.90 | -1,380.03 | -68.83 | 1,999.30 |
| Total Borrowing | 1,616.57 | 1,645.75 | 750.41 | 38.87 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of OLA Electric IPO is Rs 33521.75 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| RoNW | -78.46% |
| P/BV | 13.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -4.3 | -3.59 |
| P/E (x) | -17.69 | -21.16 |
Objects of the Issue (OLA Cabs Objectives)
The company proposes to utilise the Net Proceeds towards funding the following objects:
- 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; and
- General corporate purposes
OLA ELECTRIC MOBILITY IPO ALLOTMENT STATUS
How to Apply for Ola Electric Mobility IPO?
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How to Apply Ola Electric Mobility IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Ola Electric Mobility”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Ola Electric Mobility IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ola Electric Mobility”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
.In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Ola Electric Mobility IPO is a main-board initial public offering of 808,626,207 Equity shares of the face value of ₹10 aggregating up to ₹6145.56 Crores. The issue price of the IPO is ₹72 to ₹76 Per Equity Share. The minimum order quantity is 195 Shares per application and the offer type is Book Built Issue. The IPO opens on August 02, 2024 and closes on August 06, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Ola Electric Mobility IPO opens on August 02, 2024 and closes on August 06, 2024.
You can apply in Ola Electric Mobility IPO online using either UPI or ASBA as payment method. Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited and SBI Capital Markets Limited are the book running lead managers of the OLA Cabs, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for Ola Electric Mobility IPO will be done on August 07, 2024, and the allotted shares will be credited to your demat account by August 08, 2024. Check the Ola Electric Mobility IPO allotment status.
The Ola Electric Mobility IPO listing date is not yet announced. The tentative date of Ola Electric Mobility IPO listing is August 09, 2024.
Ola Electric Mobility IPO lot size is 195 Shares and the minimum order quantity is 1 Shares.