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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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

6,145.56 Cr.

Issue Type

Book Built

Open

2024-08-02

Close

2024-08-06

Listing price

₹ 76

Listing Gain

0.00%

Listing Date

2024-08-09

CMP

₹ 37.42

Current Return

-50.76%

OLA Electric Mobility Ltd. News

Ola Electric Mobility launches first cohort of network-partner stores across India 4 Sep 2026, 3:16PM Ola Electric Mobility secures Rs 95.81 crore PLI-Auto Incentive29 Aug 2026, 2:34PM Ola Electric soars on launching S1Z with indigenous Bharat Cell LFP technology28 Aug 2026, 3:13PM Ola Electric launches S1Z with indigenous Bharat Cell LFP technology28 Aug 2026, 2:57PM Ola Electric Mobility informs about general update28 Aug 2026, 1:04PM Ola Electric gains on launching three new products under BESS portfolio17 Aug 2026, 12:50PM Ola Electric launches three new products under BESS portfolio17 Aug 2026, 12:28PM Ola Electric Mobility informs about press release12 Aug 2026, 9:37AM OLA Electric Mobilit - Quaterly Results8 Aug 2026, 12:00AM Ola Electric opening sales and service network to dealer partners across India6 Aug 2026, 12:50PM Ola Electric Mobility shines on signing MoU with Axis Energy5 Aug 2026, 2:39PM Ola Electric Mobility signs MoU with Axis Energy 5 Aug 2026, 2:20PM Ola Electric Mobility informs about clarification8 Jul 2026, 5:33PM Ola Electric Mobility informs about press release1 Jul 2026, 2:19PM Ola Electric Mobility’s arm gets BIS certification for LFP 46100 cylindrical cell23 Jun 2026, 3:28PM OLA Electric Mobilit - Quaterly Results21 May 2026, 12:00AM Ola Electric Mobility informs about press release 20 May 2026, 4:25PM Ola Electric Mobility informs about monitoring agency report 16 May 2026, 11:18AM Ola Electric Mobility informs about re-scheduling of earnings conference call16 May 2026, 10:33AM Ola Electric Mobility informs about re-scheduling of board meeting16 May 2026, 9:50AM

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 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 28.13 170.15 82 3.43 2.49
Total Expenditure 328.69 327 221 140.17 102.3
Operating Profit -300.56 -156.85 -139 -136.74 -99.81
Other Income 84.83 125.61 120 191.97 78.9
Interest 0.18 0.1 2 91.5 84.64
Depreciation 6.98 7.4 6 3.45 3.11
Exceptional Items 0 0 0 0 0
Profit Before Tax -222.89 -38.74 -27 -39.72 -108.66
Provision for Tax 0 0 0 0 4.33
Net Profit -222.89 -38.74 -27 -39.72 -112.99
Adjusted EPS (Rs.) -0.11 -0.02 -0.01 -0.01 -0.03

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 3759.57 3765.15 4928 4410.83 4410.83
Total Reserves 560.79 683.33 745 6605.7 6511.24
Borrowings 0 0 362 329.91 0
Other N/C liabilities 0.51 2.46 3 1.64 0.51
Current liabilities 151.08 259.6 159 296.12 382.46
Total Liabilities 4471.95 4710.54 6197 11644.2 11305.04
Assets
Net Block 32.96 29.05 27 26.28 27.27
Capital WIP 3.6 7.35 12 0 0
Intangible WIP 28.38 98.07 106 4.09 10.48
Investments 897.24 2375.83 3998 9010.73 10161.29
Loans & Advances 121.19 162.33 147 95.15 40.36
Other N/C Assets 204.55 121.87 0 0.67 0.42
Current Assets 3184.03 1916.04 1907 2507.28 1065.22
Total Assets 4471.95 4710.54 6197 11644.2 11305.04
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 28.56 25 11 14.7 13.64
Profit Before Tax -10.56 -14 -32 -51.47 -5.63
Tax 0 0 0 4.33 0
Profit After Tax -10.56 -14 -32 -55.8 -5.63
Adjusted EPS (Rs) -0.02 -0.03 -0.07 -0.13 -0.01

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 32.97 0
Mar 2026 34.59 0
Dec 2025 34.59 0
Sep 2025 36.78 8.25
Jun 2025 36.78 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations -222.89 -38.74 -27 -39.72 -108.66
Adjustment 91.62 -27.13 -15 -12.9 72.01
Changes in Assets & Liabilities -184.03 -24.04 -268 -62 145.68
Tax Paid 3.8 2.44 -2 -1.58 -4.82
Operating Cash Flow -311.5 -87.47 -312 -116.2 104.21
Investing Cash Flow -1291.9 -1065.75 -1313 -5294.81 384.44
Financing Cash Flow 2454.44 56.5 1566 5410.76 -329.58
Net Cash Flow 851.04 -1096.72 -59 -0.25 159.07
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