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ola electric mobility ipo

Ola Electric Mobility IPO

  • Status: Closed
  • RHP:
  • ₹ 13,440 / 14 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    09 Aug 2024

  • Listing Price

    ₹75.99

  • Listing Change

    -0.01%

  • Last Traded Price

    ₹93.67

IPO Details

  • Open Date

    03 Jul 2022

  • Close Date

    05 Jul 2022

  • IPO Price Range

    ₹ 960 to ₹ 1008

  • IPO Size

    ₹ 1952.03 Cr

  • Listing Exchange

    BSE,NSE

  • Listing Date

    10 Jul 2022

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 21 August 2024 2:24 PM by 5Paisa

OLA Electric Mobility Limited IPO is likely to open in 2024. OLA Electric operates as a pure EV player. The IPO includes a fresh issue worth ₹5500 cr and an Offer-for-Sale (OFS) of 95,191,195 Equity Shares. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared.

Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of OLA Electric Mobility IPO:

●    To fund 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.
●    To repay or prepay, in part or full, borrowings obtained by the subsidy OCT.
●    For research and product development.
●    To fund organic growth initiatives.
●    For corporate general purposes. 
 

OLA Pharma IPO Size

OLA Pharma IPO Lot Size

OLA Pharma IPO Reservation

OLA Pharma IPO Anchor Allocation

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 2630.92 373.42 0.86
EBITDA -1197.09 -717.55 -178.82
PAT -1472.07 -784.15 -199.23
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 5573.16 5395.86 2112.64
Share Capital 1955.45 1955.45 0.010
Total Borrowings 3216.72 1734.41 142.02
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -1507.27 -884.95 -252.02
Net cash from / (used in) investing activities -318.55 -1321.82 548.94
Net cash flow from / (used in) financing activities 658.70 3084.82 3.15
Net increase (decrease) in cash and cash equivalents -1167.11 878.04 300.06


Strengths

1.    The company is a pure EV player with a leadership position in the fast-growing Indian E2W market.
2.    It has in-house capabilities to develop EV technologies.
3.    In terms of production capacity, it is the biggest integrated and automated E2W manufacturing plant in the country.
4.    The company has a scalable platform-based design and development approach.
5.    It works on the D2C business model. 
6.    The company benefits from EV-related government incentives leading to cost advantages.
7.    Experienced Promoters and Senior Management.
 

Risks

1.    The company has a limited operating history and has incurred losses and negative cash flows from operations.
2.    The company is prone to many risks that could hinder its in-house cell manufacturing capabilities at the Ola Gigafactory.
3.    Any reduction or elimination of government incentives can impact the business.
4.    Operates in a highly competitive and fast-evolving automotive market.
5.    Revenue is dependent on the sale of limited electric vehicle scooter models.
6.    It has significant working capital requirements.
 

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FAQs

Yet to be announced.
 

Yet to be announced.
 

To apply for OLA Electric Mobility IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  OLA Electric Mobility Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

Yet to be announced. 
 

Yet to be announced.
 

Yet to be announced.
 

Yet to be announced.
 

Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book-running lead managers for OLA Electric Mobility IPO.

OLA Electric Mobility Limited will use proceeds from the offer for:

●    To fund 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.
●    To repay or prepay, in part or full, borrowings obtained by the subsidy OCT.
●    For research and product development.
●    To fund organic growth initiatives.
●    For corporate general purposes.