| Company Name | Ola Electric Mobility Limited |
| Open Date | 02-08-2024 |
| Close Date | 06-08-2024 |
| Exchange | BSE, NSE |
| Lot Size | 195 Shares |
| Issue Price | ₹72 to ₹76 per share |
| Issue Size | 80,86,26,207 shares |
| Application Amount | ₹14,820 (195 shares) |
| Recommendation | Avoid |
Incorporated in 2021, Ola Electric is a vertically integrated electric vehicle (EV) manufacturer focused on the electrification of mobility in India, with future plans to expand into select international markets and has its registered office in Jaipur, Rajasthan. It designs, develops, and manufactures EVs and core EV components, including battery packs, motors, and vehicle frames, at its state-of-the-art Ola Future factory. The company had 98 permanent employees as of July 10, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 373.42 | 2,630.93 | 5,009.83 |
| EBITDA | -800.39 | -1,252.45 | -1,267.58 |
| Net Profit | -784.15 | -1,472.08 | -1,584.40 |
| RoCE | -20.04% | -44.05% | -43.60% |
| ROE | -21.42% | -62.47% | -78.46% |
| P/E | -179.82 | -102.56 | -92.18 |
| Opening Date | 02/08/2024 |
| Closing Date | 06-08-2024 |
| Basis of Allotment | 07-08-2024 |
| Initiation of Refunds | 08-08-2024 |
| Credit of Shares to Demat | 08-08-2024 |
| Listing Date | 09-08-2024 |
| Capital expenditure to be incurred by its Subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from 5GWh to 6.4 GWh, classified as phase 2 under the expansion plan (the "Project"). |
| Repayment or pre-payment, in full or part, of the indebtedness incurred by its Subsidiary, OET. |
| Investment into research and product development. |
| Expenditure to be incurred for organic growth initiatives. |
| General Corporate Purposes. |
| Registered Office | Ola Electric Mobility Limited Regent Insignia, #414, 3rd Floor, 4th Block 17thMain100 Feet Road, Koramangala Bengaluru 560034 |
| Phone | +91 80 3544 0050 |
| ipo@olaelectric.com | |
| Website | https://www.olaelectric.com/ |
| OLA Electric IPO DRHP |
| OLA Electric IPO RHP |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| olaelectric.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
| Anchor Investor Shares Offered | 363,556,135 (44.96%) |
| QIB Shares Offered | 242,370,750 (29.97%) |
| NII (HNI) Shares Offered | 121,185,387 (14.99%) |
| Retail Shares Offered | 80,790,252 (9.99%) |
| Employee Shares Offered | 797,101 (0.10%) |
| Share Holding Pre Issue (Promoters) | 45.14% |
| Share Holding Post Issue (Promoters) | 35.18% |