Ola Electric Mobility Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 01-08-2024 | 05-08-2024 | 10 per share | 76 | 195 shares | BSE, NSE | 808,626,207 shares (aggregating up to ₹6,145.56 Cr) | 2024-08-06 18:30:00 | 2024-08-07 18:30:00 | 2024-08-07 18:30:00 | 08-08-2024 |
About The Company
OLA Electric IPO is a book built issue of Rs 6,145.56 crores. The issue is a combination of fresh issue of 72.37 crore shares aggregating to Rs 5,500.00 crores and offer for sale of 8.49 crore shares aggregating to Rs 645.56 crores.
OLA Electric IPO opens for subscription on August 2, 2024 and closes on August 6, 2024. The allotment for the OLA Electric IPO is expected to be finalized on Wednesday, August 7, 2024. OLA Electric IPO will list on BSE, NSE with tentative listing date fixed as Friday, August 9, 2024.
OLA Electric IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 195 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (2,730 shares), amounting to ₹207,480, and for bNII, it is 68 lots (13,260 shares), amounting to ₹1,007,760.
Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, SBI Capital Markets Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited and Bob Capital Markets Limited are the book running lead managers of the OLA Electric IPO, while Link Intime India Private Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2024 | 7735 | 5243 | -1584 | 2019.34 | -2882.54 | 2389.21 |
| 30-03-2023 | 5573 | 2783 | -1472 | 2356.44 | -1380.03 | 1645.75 |
| 30-03-2022 | 5396 | 456 | -784 | 3661.45 | -68.83 | 750.41 |
| 30-03-2021 | 2113 | 106 | -199 | 1970.62 | 1999.3 | 38.87 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 5.53 |
| Non-Institutional Buyers | 2.51 |
| Retail Investors | 4.05 |
| Employees | 12.38 |
| Total | 4.45 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| B-HNI (Min) | 68 | 13260 | 1007760 |
IPO Listing Details
| Listing Date | 08-08-2024 |
| BSE Script Code | 544225 |
| NSE Symbol | OLAELEC |
| ISIN | INE0LXG01040 |
| Final Issue Price | 76 |
Promoter holdings
Bhavish Aggarwal.
Contact Information of the Company
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor, 4th Block
17thMain100 Feet Road, Koramangala
Bengaluru 560034
Phone: +91 80 3544 0050
Email: ipo@olaelectric.com
Website: https://www.olaelectric.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: olaelectric.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Manager
Kotak Mahindra Capital Company Limited (Past IPO Performance) Bofa Securities India Limited (Past IPO Performance) Axis Capital Limited (Past IPO Performance) SBI Capital Markets Limited (Past IPO Performance) Citigroup Global Markets India Private Limite