₹ 14820
₹72- ₹76
195
₹76
0.00
6 Aug 2024
Download8 Aug 2024
9 Aug 2024
Application Details
Ola Electric Mobility is set to launch its Initial Public Offering (IPO) from August 2, 2024, to August 6, 2024, with the listing date scheduled for Friday, August 9, 2024. The IPO comes with a face value of ₹10 per share and falls within a price band of ₹72 to ₹76 per share. Investors can bid for a lot size of 195 shares, with the total issue size amounting to 808,626,207 shares, aggregating up to ₹6,145.56 crore. The offering consists of a fresh issue of 723,684,210 shares, aggregating up to ₹5,500 crore, and an offer for sale of 84,941,997 shares, aggregating up to ₹645.56 crore. Notably, there is an employee discount of ₹7 per share.
The Ola Electric Mobility IPO timetable is as follows: the IPO opens on Friday, August 2, 2024, and closes on Tuesday, August 6, 2024. The basis of allotment will be determined on Wednesday, August 7, 2024, with refunds initiated on Thursday, August 8, 2024. Shares will be credited to Demat accounts on the same day, and the listing date is Friday, August 9, 2024. It is crucial for bidders to confirm their UPI mandates by 5 PM on August 6, 2024.
Regarding the lot size, bidders must bid for a minimum of 195 shares, with the option to increase in multiples. Retail investors can make a minimum investment of ₹14,820 for one lot (195 shares) and a maximum investment of ₹1,92,660 for 13 lots (2,535 shares).
About Ola Electric Mobility Limited
Company Overview
Founded in 2017, Ola Electric Mobility Limited is an electric vehicle (EV) company that focuses on manufacturing electric vehicles and key EV components, such as battery packs, motors, and vehicle frames at the Ola Futurefactory.
Product Launches and Announcements
Since August 2021, Ola Electric has introduced seven new products and announced four additional ones. The Ola S1 Pro, the company’s first EV model, was delivered in December 2021. Subsequent releases included the Ola S1 in September 2022, the Ola S1 Air in August 2023, and the Ola S1 X+ in December 2023. On August 15, 2023, Ola Electric unveiled new EV models and a range of motorcycles, including Diamondhead, Adventure, Roadster, and Cruiser. Delivery of the Ola S1 X (2 kWh) and Ola S1 X (3 kWh) is expected by the first half of Fiscal 2025, with the motorcycles to follow in the first half of Fiscal 2026.
Distribution Network
As of October 31, 2023, Ola Electric operates an extensive omnichannel distribution network across India. This network includes 870 experience centres and 431 service centres (with 429 service centres located within experience centres) and the Ola Electric website.
Export and Domestic Supply
In FY 2023, approximately 75% of Ola Electric’s two-wheeler (2W) exports were destined for Africa, Latin America (LATAM), and Southeast Asia, while the domestic supply of electric two-wheelers (E2Ws) was limited.
Business Model and R&D
Ola Electric’s business model relies on three key scalable platforms:
- R&D and Technology Platform: Focuses on in-house design and development of EV technologies and components.
- Adaptable Production and Supply Chain Platform: Ensures efficient manufacturing and supply chain resilience.
- Direct-to-Consumer (D2C) Omnichannel Sales Platform: Facilitates direct sales to customers through various channels.
The company emphasizes research and development, with 959 employees (including 907 permanent employees and 52 freelancers) dedicated to product development, vehicle and software development, vehicle design, and cell development as of March 31, 2024.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.