Share.Market Logo

Ola Electric Mobility Limited

  • Minimum Investment
    ₹14,040
  • Price Range
    ₹72 - ₹76
  • Issue Size
    ₹6,145.56 Cr
  • Lot Size
    195 shares

Proceeds of this IPO to be used for

Capital expenditure to be incurred by the subsidiary, OCT for expansion of the capacity of the cell manufacturing plant from 5 GWh to 6.4 GWh, classified as phase 2 under the expansion plan

Repayment or pre-payment, in full or part, of the indebtedness incurred by the subsidiary, OET

Investment in research and product development

Expenditure to be incurred for organic growth initiatives

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Ola Electric Mobility Limited

Leadership position

E2W penetration in India is expected to expand from approximately 4.5% of domestic 2W registration sales reported on the VAHAN portal in FY23 to 41-56% of the domestic 2W sales volume by FY28, according to the Redseer Report. The company's exclusive and singular focus on EV enables to leverage this transition in the growing Indian 2W market

In-house R&D

The company's in-house capabilities to develop EV technologies are driven by its focus on R&D. It undertakes R&D activities in India, the UK, and the US, focused on designing and developing new EV products and core EV components, such as battery packs, motors, and vehicle frames

Manufacturing at scale

The Ola Futurefactory is the largest integrated and automated E2W manufacturing plant in India (in terms of production capacity) by an E2W-only OEM

Limited models

The company currently derives its revenue solely from the sale of limited electric vehicle scooter models. Its business could be adversely impacted If the electric vehicle scooters are not well-received by the market

Pending litigations

There are pending litigations against the company, its promoter, subsidiaries, and certain directors. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect its business, cash flows, and reputation

Limited operating history

The company has a limited operating history and has incurred losses and negative cash flows from operations. It may continue to incur operating losses in the near term as it invests in the business and expands its product portfolio, builds capacity, and scales operations

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
Total Current Assets--
Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Ola Electric Mobility Limited

Ola Electric Mobility was incorporated on February 3, 2017. The company is a pure electric vehicles (EV) player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. It manufactures EVs and certain core EV components like battery packs, motors, and vehicle frames at the Ola Futurefactory.
  • Promoter
    Bhavish Aggarwal

Ola Electric Mobility Limited IPO FAQs

What is Ola Electric Mobility Limited IPO?

down-arrow
Ola Electric Mobility Limited IPO refers to the initial public offering of shares by Ola Electric Mobility Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Ola Electric Mobility Limited IPO?

down-arrow
For Ola Electric Mobility Limited IPO the issue size is ₹6,146 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Ola Electric Mobility Limited IPO?

down-arrow
For Ola Electric Mobility Limited IPO the minimum investment is ₹14,040. The minimum investment for Ola Electric Mobility Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Ola Electric Mobility Limited IPO?

down-arrow
For Ola Electric Mobility Limited IPO the lot size is 195 shares. The lot size of Ola Electric Mobility Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Ola Electric Mobility Limited IPO on Share.Market?

down-arrow
To apply for Ola Electric Mobility Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Ola Electric Mobility Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Ola Electric Mobility Limited IPO?

down-arrow
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Ola Electric Mobility Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

down-arrow
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

down-arrow
You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Ola Electric Mobility Limited IPO?

down-arrow
For Ola Electric Mobility Limited IPO the allotment date is August 7, 2024. The allotment date of Ola Electric Mobility Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Ola Electric Mobility Limited IPO?

down-arrow
For Ola Electric Mobility Limited IPO, the subscription opens on August 2, 2024 and closes on August 6, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
4.45x Oversubscribed
Trade
Bidding Ongoing
-
Total Subscription
4.45x Oversubscribed
Trade