ipo

OLA Electric IPO

Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Futurefactory. Since August 2021, the company has launched seven new products and announced four. The Ola S1 Pro, the first EV model, was delivered in December 2021, followed by the Ola S1, Ola S1 Air, Ola S1 X and Ola S1 X+ in the following years. On August 15, 2023, the company announced new EV models and a range of motorcycles including Diamondhead, Adventure, Roadster, and Cruiser.

Issue Open
02-08-2024
Issue Close
06-08-2024
Allotment Date
07-08-2024
Listing Date
09-08-2024
IPO Details
Issue Open 02-08-2024
Issue Close 06-08-2024
Allotment Date 07-08-2024
Listing Date 09-08-2024
IPO Price Band ₹72 to ₹76
Minimum Share Bid 195
Minimum Investment Amount ₹14820
Total Issue Size 80,86,26,207 shares (up to ₹6,145.559 Cr)
Fresh Issue 72,36,84,210 shares (up to ₹5,500 Cr)
Offer For Sale 8,49,41,997 shares (up to ₹645.559 Cr)
Face Value ₹10 Per Share
Employee Discount ₹7 per share
Qualified Institutional Buyer [QIB] 75%
High Networth Individual [HNI] 15%
Retail Individual Investor [RII] 10%
Listed on NSE BSE
Listing Details
Listing Date 09-08-2024
BSE Code -
NSE Code OLAELEC
ISIN Code INE0LXG01040
IPO Price ₹ 76
Lot Size 195
Expected Listing Price ₹ 70 to ₹ 85
Book Profit ₹ 95
Stop Loss ₹ 62

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Company Financials
Financial YearTotal AssetTotal RevenueTotal ExpensesProfit
FY-20212,112.64106.08--199.23
FY-20225,395.86456.261,173.81-784.15
FY-20235,573.172,782.73,883.37-1,472.08
FY-20247,735.415,243.276,277.41-1,584.4
Valuation
Earnings Per Share [EPS] ₹ -4.35
Price/Earnings [P/E] Ratio -17.69
Return on Net Worth [RoNW] -78.46 %
Net Asset Value [NAV] ₹ 5.54 Per Share
Lot Size
ApplicationLot SizeSharesTotal Amount
Retail Min1195₹ 14,820
Small HNI142,730₹ 2,07,480
Big HNI6813,260₹ 10,07,760
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