Ola Electric IPO: Ola Electric Mobility Limited is a Bangalore based electric two-wheeler manufacturer company. Ola Electric Mobility Limited is a subsidiary company of Ola Cabs. It was founded in 2017 by Bhavish Aggarwal. It has India’s largest EV scooter manufacturing facilities in Tamil Nadu. 2022. The company has announced its IPO (Initial Public Offer). Which is open on August 2, 2024 and will close on August 6, 2024. Which will list on August 9, 2024. The size of Ola Electric IPO is ₹6,145.56 crore of 8.08 crore shares, and the face value of each share is ₹10. The offer for sale of 8.5 crore shares is worth ₹645.56 crore and the fresh issue for 7.2 crore shares is ₹5,500.00 crore.
Table of Contents
OLA Electric Mobility Limited IPO Details
| IPO Date | August 2, 2024 to August 6, 2024 |
| Listing Date | August 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 per share |
| Lot Size | 195 Shares |
| Total Issue Size | 808,626,207 shares (aggregating up to ₹6,145.56 Cr) |
| Fresh Issue | 723,684,210 shares (aggregating up to ₹5,500.00 Cr) |
| Offer for Sale | 84,941,997 shares of ₹10 (aggregating up to ₹645.56 Cr) |
| Employee Discount | Rs 7 per share |
| Issue Type | Book-Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre-issue | 3,687,072,258 |
| Share holding post issue | 4,410,756,468 |
Today’s GMP for Ola Electric IPO
The expected Grey Market Premium (GMP) for the Ola Electric IPO is ₹22. Whereas the share price is set at ₹72 to ₹76. The expected listing price of the Ola Electric Mobility Limited IPO is ₹99 by combining the cap price with today’s GMP. The following table displays the trend of the Ola Electric IPO’s GMP over the past few days.
The latest update for Ola Electric IPO GMP is below:
| GMP Date | IPO Price | GMP Price |
| August 2, 2024 | ₹72-₹76 | ₹23 |
| August 1, 2024 | ₹72-₹76 | ₹22 |
| July 31, 2024 | ₹72-₹76 | ₹22 |
| July 30, 2024 | ₹72-₹76 | ₹23 |
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OLA Electric IPO Important Dates
| IPO Open Date | Friday, August 2, 2024 |
| IPO Close Date | Tuesday, August 6, 2024 |
| Basis of Allotment | Wednesday, August 7, 2024 |
| Initiation of Refunds | Thursday, August 8, 2024 |
| Credit of Shares to Demat | Thursday, August 8, 2024 |
OLA Electric Mobility Limited IPO Lot Size and Investor Types
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 195 | ₹14,820 |
| Retail (Max) | 13 | 2535 | ₹192,660 |
| S-HNI (Min) | 14 | 2,730 | ₹207,480 |
| S-HNI (Max) | 67 | 13,065 | ₹992,940 |
| B-HNI (Min) | 68 | 13,260 | ₹1,007,760 |
Ola Electric IPO Quota Shares Offered
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Ola Electric Mobility Limited IPO Share Holding Pattern
| Share Holding Pre-Issue | 85.77% |
| Share Holding Post Issue | 0% |
Ola Electric Mobility Limited Financials
| Particular | FY23-24 | FY22-23 | FY21-22 | FY20-21 |
| Assets | 7,735.41 Crore | 5,573.17 Crore | 5,395.86 Crore | 2,112.64 Crore |
| Revenue (gross) | 5,243.27 Crore | 2,782.70 Crore | 456.26 Crore | 106.08 Crore |
| PAT | -1,584.40 Crore | -1,472.08 Crore | -784.15 Crore | -199.23 Crore |
| Capitalization | 2,019.34 Crore | 2,356.44 Crore | 3,661.45 Crore | 1,970.62 Crore |
| Total Assets | -2,882.54 Crore | -1,380.03 Crore | -68.83 Crore | 1,999.30 Crore |
| Debt | 2,389.21 Crore | 1,645.75 Crore | 750.41 Crore | 38.87 Crore |
Ola Electric Mobility Limited Contact Details
Headquarters: Bangalore, Karnataka, India
Email: [email protected]
Tel: +91-803544005
Website: www.olaelectric.com
FAQs
1. What is the Ola Electric Mobility Limited IPO’s GMP price?
The current GMP price of Ola Electric Mobility Ltd’s IPO is ₹23.
2. On which exchange will the Ola Electric Mobility Limited IPO be listed?
Ola Electric Mobility IPO will be listed on the NSE and BSE.
3. When is the allotment date for Ola Electric IPO?
The allotment date of the IPO is August 7, 2024.
4. What are the opening and closing dates of the IPO?
Ola Electric IPO will open on August 2, 2024 & close on August 6, 2024.
5. When is the listing date for the Ola Electric Mobility Limited IPO?
Ola Electric IPO’s listing date is August 9, 2024.
Conclusion
After analyzing the financials and other fundamentals of Ola Electric Mobility Limited, it’s in the red for the last three years. Investing in its IPO might be risky. However, please make sure to invest after careful consideration and at your own risk. Updates on the Ola Electric IPO GMP (Grey Market Premium) and listing price will continue to be available on this page.
To get more information and regular updates on the Ola Electric Mobility Limited IPO, keep in touch with The Invest Advisory.