Ola Electric Mobility IPO GMP Today, Ola Electric Mobility IPO Grey Market Premium Updates | Ola Electric Mobility IPO, Latest target, Opening gain

Ola Electric Mobility IPO began on 02 August 2024. It will close on 06 August 2024. The Total IPO Size is ₹6145.56 Crore Approx. The company set its IPO price is ₹72 to ₹76 per share Per Share. There are three basic categories in Ola Electric Mobility IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
Incorporated in 2017, Ola Electric Mobility Limited is an EV company mainly manufacturing EVs and specific core EV components like battery packs, motors, and vehicle frames at the Ola Future factory.
As of October 31, 2023, the company operates its own direct-to-customer (“D2C”) omnichannel distribution network across India, comprising 935 experience centres and 414 service centres (of which 410 service centres are located within experience centres), in addition to our Ola Electric website.
In Fiscal 2023, around 75% of 2W exports from India were destined for Africa, LATAM, and Southeast Asia, with a limited domestic supply of E2W.
The business model is founded on three vital scalable platforms:
  • 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

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.

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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.

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IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Ola Electric Mobility IPO?

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.

When Ola Electric Mobility IPO will open?

The Ola Electric Mobility IPO opens on August 02, 2024 and closes on August 06, 2024.

How to apply for Ola Electric Mobility IPO?

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.

When Ola Electric Mobility IPO allotment?

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.

When is Ola Electric Mobility IPO listing date?

The Ola Electric Mobility IPO listing date is not yet announced. The tentative date of Ola Electric Mobility IPO listing is August 09, 2024.

What is the lot size of Ola Electric Mobility IPO?

Ola Electric Mobility IPO lot size is 195 Shares and the minimum order quantity is 1 Shares.