Ticker > IPO > Upcoming IPO > OLA Electric Mobility Ltd.

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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IPO Details

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

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Issue Type

Book Built

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Company Financials

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

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

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

  • The fresh issue size of the IPO is 5500 Cr.
  • The price band for OLA Electric Mobility Limited IPO is not issued yet.
     

OLA Electric Mobility Limited IPO Valuation

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

Particulars Value
Upper Price Band Rs _
Existing Shares (Qty) 195.54 Cr
Fresh Issue (Amount) 5500 Cr
EPS (FY23) Rs -3.91
Industry PE 40.58x

 

OLA Electric Mobility Limited IPO Issue Size

OLA Electric Mobility Limited IPO issue size is not disclosed yet.

Issue Amount
Fresh Issue 5500 Cr
Offer For Sale (Qty) 9.51 Cr

 

Allotment Details

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 0.1 1.79 0.87 28.13 170.15
Total Expenditure 7.96 128.82 200.84 328.69 327
Operating Profit -7.87 -127.03 -199.97 -300.56 -156.85
Other Income 2.04 128.8 106.12 84.83 125.61
Interest 0.01 0.51 0.44 0.18 0.1
Depreciation 0.25 5.76 9.4 6.98 7.4
Exceptional Items 0 0 0 0 0
Profit Before Tax -6.08 -4.51 -103.69 -222.89 -38.74
Provision for Tax 0 0 0 0 0
Net Profit -6.08 -4.51 -103.69 -222.89 -38.74
Adjusted EPS (Rs.) 0 0 -0.05 -0.11 -0.02

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.01 0.02 0.02 3759.57 3765.15
Total Reserves 279.99 2130.03 2068.58 560.79 683.33
Borrowings 0 0 0 0 0
Other N/C liabilities 0 3.8 4.31 0.51 2.46
Current liabilities 34.77 45.11 78.9 151.08 259.6
Total Liabilities 314.77 2178.95 2151.81 4471.95 4710.54
Assets
Net Block 21.96 40.13 35.07 32.96 29.05
Capital WIP 0 0.94 2.69 3.6 7.35
Intangible WIP 0 8.27 37.88 28.38 98.07
Investments 0 0 138.3 897.24 2375.83
Loans & Advances 0.1 20.82 88.5 125.74 162.33
Other N/C Assets 0 0 0.9 200 121.87
Current Assets 292.71 2108.79 1848.47 3184.03 1916.04
Total Assets 314.77 2178.95 2151.81 4471.95 4710.54
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -6.08 -4.51 -103.69 -222.89 -38.74
Adjustment -1.79 -121.73 -63.64 91.62 -27.13
Changes in Assets & Liabilities 6.79 20.8 -12.55 -184.03 -24.04
Tax Paid 0.13 -4.42 -3.83 3.8 2.44
Operating Cash Flow -0.94 -109.85 -183.71 -311.5 -87.47
Investing Cash Flow -215.5 -1759.95 467.87 -1291.9 -1065.75
Financing Cash Flow 291.51 1851.61 -1.01 2454.44 56.5
Net Cash Flow 75.07 -18.19 283.15 851.04 -1096.72
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