Ola Electric IPO: Key details you should know

Published: 29th July 2024 Published: 29th July 2024 By: Value Research

India’s next startup IPO

[{"selector":"#anim-f128a3e3-308a-4eb3-a82e-f2b530ddafdf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bded2d06-c9d8-4ea2-a208-1e2023806e2e","keyframes":{"transform":["translate3d(0px, 156.28240%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Ola Electric Mobility IPO will open for subscription on August 2, 2024 and close on August 6, 2024. The price band of the issue has been fixed at Rs 72-76.

A first on D-Street

[{"selector":"#anim-cc8dc380-0bc4-4a24-81a3-5840461edf3a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-758436ab-5628-4785-9796-9774cd5db458","keyframes":{"transform":["translate3d(0px, 144.01709%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] With this IPO, Ola Electric will become India’s first pure-play electric two-wheeler (E2W) company to list on bourses. Other E2W players are mostly internal combustion engine or ICE-based.

Winning the market race

[{"selector":"#anim-3747ddd9-d81e-4b62-b51a-58749892992a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20902eab-64a0-464f-9b28-56d68471f38a","keyframes":{"transform":["translate3d(0px, 156.28240%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] With a market share of 35%, Ola Electric is the market leader in the E2W space, followed by TVS Motor and Bajaj Auto that command 19% and 11% market share, respectively.

[{"selector":"#anim-b9464e20-0331-4a36-b959-a7684531a0b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a00663d2-185f-4248-9da9-8a53bbea14fa","keyframes":{"transform":["translate3d(0px, 156.28240%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] It has incurred losses and negative cash flow from operations since inception. In FY24, it clocked Rs 1,584 crore loss (before tax) & a revenue of Rs 5,010 crore.

[{"selector":"#anim-781c0424-a326-4e8c-b298-13d1a5db1cdc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11a486ab-cb15-4f79-9c93-b3a859aa324f","keyframes":{"transform":["translate3d(0px, 325.34717%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Watch this space for Ola Electric IPO’s detailed analysis. It will be out soon on the link below. IPO Analysis

Other Webstories

[{"selector":"#anim-68143811-410a-47ad-b825-5de376c9bed3","keyframes":{"opacity":[0,1]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f399e09e-3192-480a-9298-38f99ea75a5a","keyframes":{"transform":["translate3d(-125.51724%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e94e009c-c9ba-46f0-ab43-d369d500f26f","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83c41f57-3432-408e-94ba-cc9ff9dceb9c","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55a2032d-0df2-4600-b248-8566965e7fda","keyframes":{"transform":["translate3d(-194.52735%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ba45769-b936-4852-a8fa-fef58a2c28df","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66273067-4846-4e68-a971-a4db9c127848","keyframes":{"transform":["translate3d(-125.51724%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Click Here

Ola Electric IPO: Key details you should know

India’s next startup IPO

A first on D-Street

Winning the market race

You May Also Like

Its headline numbers

Other Webstories

Want to succeed in the market? Master value investing

Watch Next WebStory