OLA Electric Mobility Ltd. IPO

Ola Electric Mobility, a pure-play EV pioneer in India, crafts high-performance electric scooters and motorcycles with an eye on global expansion. Their vertically integrated Ola Futurefactory churns out EV components like battery packs, motors, and frames, powering their four existing scooter models and six upcoming offerings, including motorcycles. Boasting India's top revenue and highest monthly E2W registrations, Ola Electric is a force to be reckoned with, fueled by in-house R&D and a robust D2C network. With their sights set on cell manufacturing and international landscapes, Ola Electric is carving a path towards an electrified future on two wheels.

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Open Date

2024-08-02

Close Date

2024-08-06

OLA Electric Mobility Ltd. IPO Details

Check out the issue details for OLA Electric Mobility Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 76

Price Band

₹ 72 - 76

Issue Size

6145.56 Cr.

Issue Type

Book Built

Open

2024-08-02

Close

2024-08-06

Listingprice

₹ 76

ListingGain

0.00%

Listing Date

2024-08-09

CMP

₹ 77.59

Current Return

2.09%

OLA Electric Mobility Ltd. News

Ola Electric Mobility launches Ola Digital Twin platform25 Oct, 9:58AM Ola Electric Mobility launches ‘BOSS - Biggest Ola Season Sale’4 Oct, 10:37AM Ola Electric aims to double service network by December 202430 Sep, 2:40PM Ola Electric gets PLI certification for electric scooter S1 X 2kWh28 Sep, 3:52PM Ola Electric Mobility launches ‘Network Partner Program’27 Sep, 10:30AM Ola Electric Mobility’s S1 X 3 kWh, 4 kWh scooters get PLI certification 21 Aug, 10:10AM Ola Electric Mobility launches Roadster electric motorcycles16 Aug, 9:39AM OLA Electric Mobilit - Quaterly Results14 Aug, 4:14PM OLA Electric Mobilit - Quaterly Results14 Aug, 4:14PM Ola Electric Mobility coming with IPO to raise Rs 6451.74 crore1 Aug, 2:42PM

Company Financials

You can get the following financial statements of OLA Electric Mobility Ltd. as of now.

Exchange

NSE: OLAELEC BSE: 544225

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Ola Electric Mobility Limited IPO (OLA IPO) is as:

  • The issue size of the Ola Electric Mobility Limited IPO (OLA IPO) is 6145.56 Cr.
  • The price band for Ola Electric Mobility Limited IPO (OLA IPO) is Rs 72 to Rs 76.
  • The shares of Ola Electric Mobility Limited IPO (OLA IPO) will list on 9th August 2024.
  • The latest tentative GMP of Ola Electric Mobility Limited IPO (OLA IPO) is Rs 5.
  • The shares of Ola Electric Mobility Limited IPO (OLA IPO) is subscribed 4.45 Times as of 6th August 2024. 

 

Ola Electric Mobility Limited IPO (OLA IPO) Valuation

The approx valuation of Ola Electric Mobility Limited IPO (OLA IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 76
Existing Shares (Qty) 368.70 Cr
Fresh Issue 5500 Cr
Market Cap Rs 33521.2 Cr
EPS (FY24) Rs -4.35
Industry PE 41.37x

 

Ola Electric Mobility Limited IPO (OLA IPO) Issue Size

Ola Electric Mobility Limited IPO (OLA IPO) issue size is Rs 6145.56 Cr. 

Issue Amount
Fresh Issue 5500 Cr
Offer For Sale 645.56 Cr

 

Ola Electric Mobility Limited IPO (OLA IPO) Market Lot

An Individual can apply for a minimum 1 lot of 195 shares and a maximum of 13 lots of 2535 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 195 Rs 14,820
 Maximum 13 2535 Rs 1,92,660

 

Ola Electric Mobility Limited IPO (OLA IPO) share offer

The shares of Ola Electric Mobility Limited IPO (OLA IPO) is subscribed 4.45 Times as of 6th August 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Minimum 75% 5.53 Times
Non-Institutional Maximum 15% 2.51 Times
Retail Individual Maximum 10% 4.05 Times
Employee 7,97,101 Shares 12.38 Times
Total   4.45 Times

Find below the dates for Ola Electric Mobility Limited IPO (OLA IPO):

Schedule Date
Basis of Allotment 7 August 2024
Refunds 8 August 2024
Credit to Demat Account 8 August 2024
IPO Listing Date 9 August 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1.79 0.87 28.13 170.15 81.57
Total Expenditure 128.82 200.84 328.69 327 220.96
Operating Profit -127.03 -199.97 -300.56 -156.85 -139.39
Other Income 128.8 106.12 84.83 125.61 120.7
Interest 0.51 0.44 0.18 0.1 1.89
Depreciation 5.76 9.4 6.98 7.4 5.98
Exceptional Items 0 0 0 0 0
Profit Before Tax -4.51 -103.69 -222.89 -38.74 -26.56
Provision for Tax 0 0 0 0 0
Net Profit -4.51 -103.69 -222.89 -38.74 -26.56
Adjusted EPS (Rs.) 0 -0.05 -0.11 -0.02 -0.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.02 0.02 3759.57 3765.15 4928.77
Total Reserves 2130.03 2068.58 560.79 683.33 744.44
Borrowings 0 0 0 0 0
Other N/C liabilities 3.8 4.31 0.51 2.46 365.31
Current liabilities 45.11 78.9 151.08 259.6 158.69
Total Liabilities 2178.95 2151.81 4471.95 4710.54 6197.21
Assets
Net Block 40.13 35.07 32.96 29.05 27.33
Capital WIP 0.94 2.69 3.6 7.35 12.42
Intangible WIP 8.27 37.88 28.38 98.07 105.5
Investments 0 138.3 897.24 2375.83 3997.65
Loans & Advances 20.82 88.5 125.74 162.33 127.56
Other N/C Assets 0 0.9 200 121.87 19.92
Current Assets 2108.79 1848.47 3184.03 1916.04 1906.83
Total Assets 2178.95 2151.81 4471.95 4710.54 6197.21
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024
Other Income 27
Profit Before Tax -6
Tax 0
Profit After Tax -6
Adjusted EPS (Rs) -0.03

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 36.78 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -4.51 -103.69 -222.89 -38.74 -26.56
Adjustment -121.73 -63.64 91.62 -27.13 -15.91
Changes in Assets & Liabilities 20.8 -12.55 -184.03 -24.04 -267.74
Tax Paid -4.42 -3.83 3.8 2.44 -1.51
Operating Cash Flow -109.85 -183.71 -311.5 -87.47 -311.72
Investing Cash Flow -1759.95 467.87 -1291.9 -1065.75 -1313.62
Financing Cash Flow 1851.61 -1.01 2454.44 56.5 1565.55
Net Cash Flow -18.19 283.15 851.04 -1096.72 -59.79
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