Bidding Dates
02 Aug 24 - 06 Aug 24
Price Range ₹
72 - 76
Total Equity
₹ 6145.56Cr
Lot Size
195
Exchange Status
NSE,BSE
IPO Doc
Non-Institutional Investor
3.92×
Qualified Institutional Buyers
5.31×
Employees
11.99×
Retail Investors
3.92×
Total subscription Rate
4.27×
Offer start
02 Aug 2024
Offer end
06 Aug 2024
Allotment
07 Aug 2024
Refund initiation
08 Aug 2024
Demat transfer
08 Aug 2024
Listing
09 Aug 2024
Offer start
02 Aug 2024
Offer end
06 Aug 2024
Allotment
07 Aug 2024
Refund initiation
08 Aug 2024
Demat transfer
08 Aug 2024
Listing
09 Aug 2024
OLA Electric manufactures electric vehicles (EVs) and core EV components in India. At their Ola Futurefactory, they develop technology and manufacturing capabilities for EVs, including battery packs, motors, and vehicle frames. Their main focus is on meeting the growing demand for EVs in India and exploring export opportunities in select international markets. Since their first product announcement in August 2021, OLA Electric has launched four products and plans to introduce six more. Deliveries of their first EV model, the Ola S1 Pro, began in December 2021, followed by the Ola S1, Ola S1 Air, and Ola S1 X+. On August 15, 2023, they announced new EV scooter models, the Ola S1 X (2 kWh) and Ola S1 X (3 kWh), as well as motorcycles named Diamondhead, Adventure, Roadster, and Cruiser, with deliveries scheduled for fiscal years 2025 and 2026. OLA Electric is also establishing an EV hub in the Krishnagiri and Dharmapuri districts of Tamil Nadu, India, which includes the Ola Futurefactory, Ola Gigafactory, and co-located suppliers in Krishnagiri district.
Year Founded
03-02-2017
Promotor Details
Bhavish Aggarwal
Particular | Pre-IPO | Post-IPO |
---|---|---|
Percentage | 84.35 | 36.78 |
Share Capital | 3109636366 | 1622319151 |
80,86,26,207.00 Cr
Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
---|---|---|---|---|---|
2022 | 53,958.63 | 37,595.75 | -15,844.00 | -15,844.00 | -8.1025 |
2024 | 77,354.09 | 49,287.71 | -15,844.00 | -15,844.00 | -8.1025 |
2021 | 21,126.40 | 0.17 | -14,720.79 | -14,720.79 | -7.5281 |
2023 | 55,731.69 | 37,651.47 | -7,841.50 | -7,841.50 | -4.0101 |