Ola Electric IPO : 

Ola Electric Mobility is a key player in India's electric vehicle (EV) market, known for its high-performance electric scooters and motorcycles. The company operates the Ola Futurefactory, a vertically integrated facility producing critical components like battery packs, motors, and frames. This setup supports their current lineup of four scooter models and six upcoming products, including motorcycles. Leading in revenue and monthly registrations for electric two-wheelers in India, Ola Electric leverages its strong in-house R&D and direct-to-consumer network. Looking ahead, the company aims to enter cell manufacturing and expand its global footprint.



Ola Electric IPO Details : 

IPO Issue Opening Date:

2nd Aug 2024

IPO Issue Closing Date:

6th Aug 2024

IPO Issue Price:

Rs 72.00-76.00 Per Share

Listing At

 NSE , BSE

IPO Issue Size

 Rs 6145.56 Cr

Offer for Sale

Rs 645.56 Cr

Fresh Issue

Rs 5500 Cr

Face Value

Rs 10 Per Equity Share

Ola Electric IPO Important Dates & Lots :

IPO Activity

Date

Allotment Date

7th Aug 2024

Refunds Initiation

8th Aug 2024

Credit of Shares to Demat Acc

8th Aug 2024

IPO Listing Date

9th Aug 2024

Issue Price

Rs 72.00-76.00

Market Lot:

195 Shares

1 Lot Amount:

Rs 14820

Min Small HNI Lots(2-10 Lakh)

2730 shares (14 lots) - Rs 207480

Min Big HNI Lots(10+ Lakh)

13260 shares (68 lots) - Rs 1007760












About Ola Electric : 

Incorporation

Sector

Website

2017

2 Wheelers

https://www.olaelectric.com/

Ola Electric Strength : 

- Leading player in India's fast-growing electric two-wheeler (E2W) market

- Founder-led with a highly experienced leadership team

- Strong in-house R&D and technology capabilities

- Scalable manufacturing processes and resilient supply chain

- Flexible platform-based design and development

- Direct-to-customer omnichannel distribution model

- Benefiting from EV-related government incentives for cost advantages

- Strong execution capabilities


Ola Electric Weakness  : 

- Concerns about the company’s profitability and revenue streams may impact investor confidence.

- Intense competition in the electric vehicle market could affect Ola Electric’s market share and profitability.

- Changes in government policies or incentives for electric vehicles could impact financial projections.

- Issues in scaling up production, supply chain disruptions, or quality control problems could affect performance.


Objectives of Ola Electric’s IPO :

- Capacity Expansion : Fund the increase of cell manufacturing capacity at subsidiary OCT from 5 GWh to 6.4 GWh under phase 2 of its expansion plan.

- Debt Repayment : Use proceeds to repay or reduce debt at subsidiary OET.

- R&D Investment : Allocate funds for research and product development.

- Organic Growth : Support initiatives for organic growth.

- Corporate Needs : Cover general corporate expenses.



Ola  Electric GMP :

Ola Electric is anticipating a listing gain in the range of 8% to 10%.