What is the issue size of OLA Electric IPO?

The issue size of the OLA Electric IPO is 61455600000.

What is 'pre-apply' for OLA Electric IPO?

Pre-apply will allow you to apply for the OLA Electric IPO 2 days before the subscription period starts.

If I pre-apply for OLA Electric IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the OLA Electric IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my OLA Electric IPO order is placed?

We will notify you when your OLA Electric IPO order is placed with the exchange.

What are the open and close dates of the OLA Electric IPO?

OLA Electric IPO will be open between 02 Aug '24 and 06 Aug '24.

What is the lot size and minimum order quantity of the OLA Electric IPO?

OLA Electric IPO lot size is 195 and minimum order quantity is 195.

What is the allotment date for the OLA Electric IPO?

OLA Electric IPO allotment date is 07 Aug '24. For OLA Electric IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of OLA Electric IPO?

For OLA Electric, the IPO registrar is LINK. You can check OLA Electric IPO allotment status on the website of the registrar.

Where is the OLA Electric IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Ola Electric IPO

OLA Electric

₹14,040 /195 sharesMinimum Investment

Ola Electric IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹76.00₹76.00₹0.00 (0.00%)
Ola Electric IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
2 Aug ‘24 - 6 Aug ‘24₹14,040195₹72 - ₹76
Issue SizeIPO Doc
6145.56CrRHP PDF
Subscription rateAs of 06 Aug'24, 06:00 PM
Qualified Institutional Buyers5.31x
Non-Institutional Investor2.39x
Retail Individual Investor3.86x
Employees11.67x
Total4.26x
About Ola Electric
Ola Electric Mobility is an electric vehicle (EV) manufacturer in India. The company also manufactures EV components like battery packs, motors, and vehicle frames, primarily at its Ola Futurefactory. Research and development (R&D) and technology are also part of its business strategy. Ola Electric conducts R&D in India, the United Kingdom, and the United States. 
The company is developing an EV hub in the Krishnagiri and Dharmapuri districts of Tamil Nadu, India. This hub includes the existing Ola Futurefactory, the planned Ola Gigafactory, and co-located suppliers in the Krishnagiri district. At the Ola Futurefactory, the company assembles its EV scooters, utilising a mix of in-house manufactured components and other parts sourced from third parties, including cells. Ola operates a Battery Innovation Centre (BIC) in Bengaluru, India. This centre is responsible for the development of cell and battery technology as well as manufacturing processes.;Founded in
2017
Managing director
Mr. Bhavish Aggarwal
Parent organisation
OLA Electric
Strengths & Financials of Ola ElectricStrengths
Risks
The company’s direct-to-customer (D2C) omnichannel distribution network includes 870 experience centres and 431 service centres as of March 31, 2024. Ola Electric uses its website for direct sales.
Ola Electric's R&D has created its proprietary operating system, MoveOS. This system features navigation powered by Ola Maps, a centralised electronics architecture for vehicle control and interface, and a compact, adaptable motor and drivetrain suitable for varying power outputs.
The company is eligible to receive incentives under the Cell PLI Scheme over a five-year period following the commissioning of the Ola Gigafactory, provided it meets certain requirements.
The Ola Futurefactory has rapidly scaled up its operations within just eight months to achieve an installed capacity of one million units annually by March 31, 2024. The integration of manufacturing, in-house design, and R&D capabilities allows Ola to maintain its performance on its EV scooters, reduce costs, and bring products to market.
Ola Electric Mobility has seen a consistent increase in revenue from operations, growing from Rs 373.42 crore in FY22 to Rs 2,630.93 crore in FY23 and further to Rs 5,009.83 crore in FY24.
Ola Electric Mobility offers its customers charging solutions through its extensive network, which includes 248 hyper charger guns and 764 standard charger guns as of March 31, 2024, spread across 17 and 21 states, respectively. The company supports home charging with portable chargers.
Ola Electric Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Ola Electric IPOApply asPrice bandApply upto
Regular₹72 - 76₹2 Lakh
Employee₹65 - 69₹2 Lakh
High Networth Individual₹72 - 76₹2 - 5 Lakh
For Ola Electric IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹76.00	₹76.00	₹0.00 (0.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
2 Aug ‘24 - 6 Aug ‘24	₹14,040	195	₹72 - ₹76

Issue Size	IPO Doc
6145.56Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹72 - 76	₹2 Lakh
Employee	₹65 - 69	₹2 Lakh
High Networth Individual	₹72 - 76	₹2 - 5 Lakh

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Qualified Institutional Buyers	5.31x
Non-Institutional Investor	2.39x
Retail Individual Investor	3.86x
Employees	11.67x
Total	4.26x