IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

₹ 5500 Cr.

Investor category and sub category

To be announced

Ola Electric IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

To be announced

IPO Closing Date

To be announced

IPO Allotment Date

To be announced

Initiation of Refunds

To be announced

Credit of Shares to Demat

To be announced

Listing Date

To be announced

Cut-off time for UPI mandate confirmation

To be announced

About Ola Electric Limited

Ola Electric Mobility Limited is a leading electric vehicle (EV) company in India, specialising in the development and manufacturing of EVs and core components like battery packs, motors, and vehicle frames. Founded in 2010 by Ankit Bhati and Bhavish Aggarwal, Ola's headquarters is in Bangalore. Originally known for its ride-hailing services, Ola expanded into the EV market with the launch of the Ola S1 Pro in December 2021, followed by several other models, including the Ola S1, Ola S1 Air, and Ola S1 X+.

Ola's state-of-the-art Ola Futurefactory, located in Tamil Nadu, is the largest integrated and automated electric two-wheeler (E2W) manufacturing plant in India. The company focuses heavily on research and development, with facilities in India, the UK, and the US, dedicated to designing and innovating new EV products and components.

Ola Electric has quickly become the top E2W ( electric two-wheeler) brand in India, achieving the highest revenue among Indian electric two-wheeler manufacturers in Fiscal 2023.

Its direct-to-customer distribution network includes 935 experience centers and 414 service centers across India, making it the largest company-owned network of its kind in the country. Future plans include expanding their EV offerings and exploring international markets.

Industry Outlook:

  1. India's automotive market produced approximately 26 million vehicles in FY 2023, contributing about 35% to the manufacturing GDP and 5-6% to the overall GDP
  2. Electric two-wheeler (E2W) registrations increased significantly, reaching about 5.1% of the overall two-wheeler market in the first half of FY 2024.
  3. Advancements in lithium-ion battery technology, such as NMC and LFP, are driving the adoption of EVs, offering benefits like higher energy density and lower total cost of ownership. 

Ola Electric Mobility IPO (Ola Electric IPO) Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Utilise ₹12,264.27 million for capital expenditure to expand the cell manufacturing plant from 5 GWh to 6.4 GWh.
  2. Allocate ₹8,000 million for repaying or pre-paying the indebtedness of the subsidiary, OET.
  3. Invest ₹16,000 million into research and development to drive innovation and enhance product offerings.
  4. Utilise ₹3,500 million for initiatives aimed at organic growth to strengthen market position.
  5. Allocate remaining funds for general corporate purposes to support overall business operations and flexibility.

Peer Details

The companies considered by Ola Electric Mobility Limited as its peers include:

  1. TVS Motors
  2. Eicher Motors
  3. Bajaj Auto
  4. Hero MotoCorp

How to Check the Allotment Status of the Ola Electric Mobility IPO (Ola IPO)?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Ola Electric Mobility Limited (Ola Electric IPO)

Registered office: Regent Insignia, #414 3rd Floor, 4th Block, 17th Main 100 Feet Road, Koramangala, Bengaluru 560 034, Karnataka, India

Email: ipo@olaelectric.com

Phone: +91 80 3544 0050

Ola Electric Financial Performance

Particulars Year ending on March 31, 2023 Year ending on March 31, 2022 ProfYear ending on March 31, 2021it After Tax
Revenue from Operations (in ₹ million) 26,309.27 3,734.23 8.64
Loss for the period/ year (in ₹ million) (14,720.79) (7,841.50) (1,992.32)
Cash & Cash Equivalents (in ₹ million) 678.84 12,350.01 3,569.53
Net Worth (in ₹ million) 23,564.44 36,614.52 19,706.15
Return on Net Worth (%) (62.47) (21.42) (10.11)
Net Asset Value per Equity Share (in ₹) 6.26 10.43 5.83
Total borrowings (in ₹ million) 16,457.53 7,504.07 388.72
Total assets (in ₹ million) 55,731.69 53,958.63 21,126.40
Earning Per Share (EPS)-in absolute ₹ (3.91) (2.23) (0.59)

Know before investing

Strengths

4

  1. Ola Electric leads E2W market with 31% registrations in 2023.

  2. Global R&D drives innovation in Ola Electric's EV technology.

  3. Ola Futurefactory enables scalable, cost-efficient E2W production in India.

  4. PLI and FAME schemes reduce costs and boost competitiveness.

Risks

6

  1. Losses and negative cash flows pose financial risks to Ola Electric.

  2. Defects or price hikes could affect product quality and delivery.

  3. Reduced subsidies may impact Ola Electric's pricing and demand.

  4. Intense competition challenges Ola Electric in the automotive market.

  5. Factory delays disrupt production capacity and impact timelines.

  6. Inaccurate forecasts cause inventory issues, affecting cost efficiency.

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Peer Comparison

Name of the Company Revenue Gross Transaction Value Monthly Downloads Employee Strength
Ola To be updated To be updated To be updated To be updated
Uber To be updated To be updated To be updated To be updated

Ola IPO FAQs

What is Ola Electric Mobility Limited's IPO?

Ola Electric Mobility Limited IPO is a book-built IPO. The exact dates and price range are yet to be announced. 

When will Ola Electric Mobility Limited IPO be allotted?

The exact dates and price range are yet to be announced.

When will Ola Electric Mobility Limited's IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Ola Electric Mobility Limited IPO list on exchanges?

The exact date is not announced yet.

How do I check the allotment status of the Ola Electric Mobility Limited IPO?

 Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Ola Electric Mobility Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Ola Electric Mobility IPO (Ola IPO), but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Ola Electric Mobility IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Ola Electric Mobility Limited using one PAN?

You can submit only one application using your PAN card.