Ola Electric Mobility Limited IPO
Ola Electric Mobility Limited IPO
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Following its successful public offering, Ola Electric Mobility Limited's made its market debut on 09-08-2024 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 80,86,26,207 Shares in total capital, including 72,36,84,211 Shares in primary equity infusion and ₹645.56 Cr in secondary share sales.
The offering was structured with a price band of ₹72 to ₹76 and minimum investment lots of 195 shares. Investor participation during the subscription window from 02-08-2024 to 06-08-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 07-08-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ola Electric IPO About Company
Ola Electric Mobility Limited, founded in 2017, is a leading EV company specializing in manufacturing electric vehicles and key components like battery packs, motors, and frames at its Ola Futurefactory. Since launching the Ola S1 Pro in 2021, the company has expanded its lineup and announced six upcoming models, including electric motorcycles. By October 2023, Ola Electric had built a strong direct-to-customer network with 935 experience centers, 414 service centers, and an online presence across India. It also exports to markets in Africa, LATAM, and Southeast Asia. With a focus on R&D, manufacturing, and distribution, the company had 959 employees as of March 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Ola Electric IPO Strength Factors
Cutting-Edge R&D: Ola Electric’s research teams in India, the UK, and the US focus on key EV technologies, including software, electronics, motors, drivetrains, and battery systems.
Large-Scale Manufacturing: The Ola Futurefactory, with a capacity of one million units per year, ensures high-quality EV production by designing and manufacturing core components in-house.
Smart & Scalable Design: By using modular battery packs and power electronics, Ola Electric efficiently develops new EV models, making innovation faster and more adaptable.
Ola Electric IPO Risk Factors
Ongoing Financial Losses: Ola Electric has faced losses and negative cash flow since its start, which could impact its financial stability and growth.
Supply Chain Challenges: Disruptions or rising costs of components and raw materials could affect EV production, pricing, and delivery timelines.
Uncertain R&D Payoff: While the company invests heavily in innovation, there’s no guarantee these efforts will lead to profitable returns in the future.
Ola Electric IPO Lead Manager(s)
- 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
- Bob Capital Markets Limited
Ola Electric IPO Promoter(s)
Bhavish Aggarwal
Ola Electric IPO FAQs
Ola Electric Mobility Limited IPO subscribed 4.47 times. The public issue subscribed 4.11 times in the retail category,5.53times in QIB, and 2.75 times in the HNI (10+) category byMarch 6, 2025 7:11:32 AM (Day 6).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Ola Electric IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Ola Electric IPO FAQs
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