The OLA Electric has begun on 02-August-2024. It will close on 06-August-2024. The Total IPO Size is 6,145.56 Crore. The company set its IPO price is 72-76 Rs Per Share.
Basically, there are three basic categories in OLA Electric IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers.
OLA Electric is incorporated in 2017.
OLA Electric is a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells.
They manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory.
On August 15, 2023, we announced other new EV scooter models, the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh), in addition to the Ola S1 X+, as well as a line-up of motorcycles comprising four models, Diamondhead, Adventure, Roadster and Cruiser.
They operate their own direct-to-customer (“D2C”) omnichannel distribution network comprising 935 experience centres and 414 service centres (of which 410 service centres are located within experience centres) situated across India.
They are in the process of building our EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which includes our Ola
Futurefactory.
OLA Electric Promoters
Bhavish Aggarwal is a Promotors of the company.
OLA Electric IPO Date, Details & Price Band
The OLA Electric IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 02-August-2024 |
| IPO Closing Dates | 06-August-2024 |
| Price Band | 72-76 Rs |
| Fresh Issue | 5500 Crore |
| Offer for sale IPO size | 645.56 Crore |
| Total IPO size | 6,145.56 Crore |
| Minimum bid (lot size) | 195 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| QIB Allocation | 75% |
| HNI Allocation | 15% |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
OLA Electric IPO Market Lot
The OLA Electric IPO minimum market lot is 195 shares With 14,820 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 195 | 14,820 ₹ |
| Retail Maximum | 13 | 2535 | 192,660 ₹ |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-23 | 5,573.17 | 2,782.70 | -1,472.08 |
| 31-Mar-22 | 5,395.86 | 456.26 | -784.15 |
| 31-Mar-21 | 2,112.64 | 106.08 | -199.23 |
OLA Electric IPO GMP & Grey Market Premium
OLA Electric IPO GMP Grey market premium has been started today. Check Latest OLA Electric IPO GMP, Kostak Rates and Subject to Sauda Price here.
OLA Electric IPO Prospectus
OLA Electric IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download OLA Electric IPO Prospectus.
| DRHP | Download |
| RHP | – |
| Anchor List | Download |
OLA Electric IPO Form Download
OLA Electric IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download OLA Electric IPO forms.
OLA Electric IPO Allotment Date & Details
| Allotment Date | 7-August-2024 |
| Initiation of refunds | 8-August-2024 |
| Transfer of shares to Demat accounts | 8-August-2024 |
| Listing Date | 9-August-2024 |
| Check Allotment Status | Click here |
Registrar of OLA Electric
Linkintime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
Investor Grievance ID:
[email protected]
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
OLA Electric Contact Details
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor, 4th Block
17thMain100 Feet Road, Koramangala
Bengaluru 560034
Phone: +91 80 3544 0050
Email: [email protected]
Website: https://www.olaelectric.com/
OLA Electric IPO Lead Managers
Kotak Mahindra Capital Company Limited
Citigroup Global Markets India Private Limited
BofA Securities India Limited
Goldman Sachs (India) Securities Private Limited
Axis Capital Limited
ICICI Securities Limited
SBI Capital Markets Limited
BOB Capital Markets Limited