Ola Electric Mobility Limited IPO: Analysis, GMP & Subscription Status
Introduction
Ola Electric Mobility Limited is launching its Initial Public Offering (IPO) from August 2, 2024, to August 6, 2024. This IPO presents a significant investment opportunity in a pioneering company in the electric vehicle sector in India. Known for its innovative electric scooters, Ola Electric is poised to play a vital role in the country's transition to sustainable transportation. The company's strong market presence and brand recognition make it an attractive proposition for potential investors.
Ola Electric Mobility Limited IPO Timeline
- IPO Open Date: Friday, August 2, 2024
- IPO Close Date: Tuesday, August 6, 2024
- Basis of Allotment: Wednesday, August 7, 2024
- Initiation of Refunds: Thursday, August 8, 2024
- Credit of Shares to Demat: Thursday, August 8, 2024
- Listing Date: Friday, August 9, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on August 6, 2024
IPO Details
- Face Value: ₹10 per share
- Price Band: ₹72 to ₹76 per share
- Lot Size: 195 Shares
- Total Issue Size: 808,626,207 shares (aggregating up to ₹6,145.56 Cr)
- Fresh Issue: 723,684,210 shares (aggregating up to ₹5,500.00 Cr)
- Offer for Sale: 84,941,997 shares of ₹10 (aggregating up to ₹645.56 Cr)
- Employee Discount: Rs 7 per share
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
- Shareholding Pre-Issue: 3,687,072,258 shares
- Shareholding Post-Issue: 4,410,756,468 shares
- Market Maker Portion: 291,200 shares by Choice Equity Broking
Ola Electric Limited Financial Performance (₹ in Crores)
| Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
31 Mar 2021 |
| Assets |
7,735.41 |
5,573.17 |
5,395.86 |
2,112.64 |
| Revenue |
5,243.27 |
2,782.70 |
456.26 |
106.08 |
| Profit After Tax |
-1,584.40 |
-1,472.08 |
-784.15 |
-199.23 |
| Net Worth |
2,019.34 |
2,356.44 |
3,661.45 |
1,970.62 |
| Reserves and Surplus |
-2,882.54 |
-1,380.03 |
-68.83 |
1,999.30 |
| Total Borrowing |
2,389.21 |
1,645.75 |
750.41 |
38.87 |
Key Strengths
- Innovative Product Portfolio: Ola Electric has developed a range of electric vehicles, from scooters to other electric mobility solutions, which cater to a broad market segment.
- Strong Market Presence: The brand's reputation and visibility provide a solid platform for expanding market share in the growing electric vehicle sector.
- Advanced Technology Infrastructure: Investment in technology and infrastructure, such as battery manufacturing and charging networks, positions Ola Electric advantageously for future growth.
Risks
- Market Competition: The electric vehicle market is highly competitive, with both new and established players vying for market share.
- Operational Risks: Issues such as supply chain disruptions or technological challenges could impact operations and financial performance.
- Regulatory Risks: Changes in government policies regarding electric vehicles, subsidies, or environmental regulations could affect profitability.
Ola Electric Mobility Limited IPO GMP & Subscription Status
Grey Market Premium (GMP)
| Date |
GMP (₹) |
| 1 August |
₹13.00 |
| 2 August |
₹9.00 |
| 3 August |
₹9.60 |
| 4 August |
₹9.60 |
| 5 August |
₹2.50 |
| 6 August |
₹-3.00 |
Subscription Status
| Date |
QIBs |
NIIs |
Retail Investors |
Employee Investors |
Total Subscription |
| August 2, 2024 |
0.00 |
0.22 |
1.70 |
5.42 |
0.38 |
| August 3, 2024 |
|
|
|
|
|
| August 4, 2024 |
|
|
|
|
|
| August 5, 2024 |
0.00 |
0.90 |
2.83 |
9.15 |
0.78 |
| August 6, 2024 |
5.53 |
2.51 |
4.05 |
12.38 |
4.45 |
How to Apply
Investors can apply for the Ola Electric Mobility Limited IPO through ASBA (Application Supported by Blocked Amount) in designated banks or via UPI (Unified Payments Interface) for retail investors. Ensure all application processes are completed before the cut-off time.
Conclusion
Ola Electric Mobility Limited's IPO offers a promising investment opportunity in a leading electric vehicle company. With a robust product lineup, substantial market presence, and commitment to sustainable transportation, Ola Electric is well-positioned for long-term growth. However, investors should weigh the potential risks and consult financial advisors before making any investment decisions.
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