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Ola Electric Mobility IPO

Listed Listed stocks

Ola Electric Mobility IPO Details

  • 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

About Ola Electric Mobility Company

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 indepth analysis about ipo

Subscription Status

  • Category

    Status

  • QIBs

    5.3x

  • NIIs

    2.4x

  • Retail

    3.9x

  • Others

    11.7x

  • Total

    4.3x

Ola Electric Mobility Financials

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FAQs for Ola Electric Mobility IPO.

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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