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Bidding Date
02-Aug-2024 to
06-Aug-2024
Issue Size
₹6145.56 Cr
Price Band
₹72 to ₹76
Allotment date
07-Aug-2024
Listing date
09-Aug-2024
Lot size
195
No. of shares
80,86,26,208
Fresh issue/OFS
₹5500 Cr/₹645.56 Cr
Founded in August 2021, Ola Electric Mobility Ltd is a pioneering player in the electric vehicle (EV) sector in India. They have launched seven EV products and announced four new ones since our first product launch. The delivery of their first EV model, the Ola S1 Pro, began in December 2021, followed by the Ola S1 in September 2022, the Ola S1 Air in August 2023, and the Ola S1 X series in May 2024. Within nine months of launching theit first EV scooter, they became the best-selling E2W brand in India based on monthly registrations on the VAHAN portal. They had the highest revenue among Indian-incorporated electric 2W OEMs in Fiscal 2023. The Ola Futurefactory, built in eight months, has an installed capacity of one million units per year as of March 31, 2024.
Read our in-depth analysis of the Ola Electric Mobility Ltd IPO Here 
Category
Status
QIBs
5.3x
NIIs
2.4x
Retail
3.9x
Others
11.7x
Total
4.3x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Speciality Medicines | 117 - 124 | 20-Mar-2026 to 24-Mar-2026 |
| Central Mine Planning & Design Institute | 163 - 172 | 20-Mar-2026 to 24-Mar-2026 |
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Ola Electric Mobility is ₹6,145.56 Cr.
Ola Electric Mobility falls into Automobile industry.
The Ola Electric Mobility IPO will be listed on both NSE and BSE.
The open and close dates for the Ola Electric Mobility are 02-Aug-2024 & 06-Aug-2024.
The price band for the Ola Electric Mobility ipo is ₹72 to ₹76
The listing date of Ola Electric Mobility IPO is 09-Aug-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Ola Electric Mobility total subscription ratio is 4.3X.
Key financial of the Ola Electric Mobility are:
| Ola Electric Mobility | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 5010 | 2630.93 | 373.42 |
| EBIT (₹ Cr) | -1625 | -1419.51 | -849.37 |
| Proft after Tax (₹ Cr) | -1584 | -1472.08 | -784.15 |
| Debt (₹ Cr) | 2390 | 1645.75 | 750.41 |
| Net Worth (₹ Cr) | 2019 | 2356.44 | 3661.45 |
| RoE (%) | -78.45 | -62.47 | -21.42 |
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