74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Ola Electric Mobility IPO (Ola Electric Mobility Limited IPO) Detail

Ola Electric Mobility IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 6145.56 Cr. The company is based in Bangalore and caters to Automobile sector. Axis Capital , Bob Capital Markets , Bofa Securities India , ICICI Securities , Kotak Mahindra Capital Company , SBI Capital Markets are the merchant bankers of Ola Electric Mobility IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 22nd December 2023.

Ola Electric Mobility IPO open date is 2nd August 2024 and close date is 6th August 2024. IPO Allotment Date is 7th August 2024 and Listing date is 9th August 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 6145.56 Cr. Avg IPO Size (Sector Based) : ₹ 2,667.59 cr.
  • Sector: Automobile IPO so far: 18
  • Merchant Banker: Axis Capital IPO by BRLM so far: 161
  • City: Bangalore IPO so far: 44
  • Revenue (annualised): ₹ 5243.27 cr.
            PAT: (annualised): ₹ -1584.40 cr. Read Financial Information >>
  • PE Ratio: 0.00x Average Sector PE Ratio: 19.97x

Ola Electric Mobility IPO Date

Date of DRHP:
22nd December 2023
IPO Open Date:
2nd August 2024
IPO Close Date:
6th August 2024
IPO Allotment Date:
7th August 2024
Initiation of Refund:
8th August 2024
IPO Listing Date:
9th August 2024

Ola Electric IPO Info, Size, Subscription

Ola Electric Mobility IPO size is ₹ 6145.56 Cr. with IPO price of ₹ 76.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 6145.56 Cr.

Issue Price:
₹ 76.00

Market Capitalisation :
₹ 33521.00 Cr.

PE multiple :
0.00

Subscription :
4.45 times

Pre Issue Promoter Holding :
85.77 %

Post Issue Promoter Holding :
0.00 %

Ola Electric Mobility IPO Information

Sub Sector : electric vehicle
Ola Electric Mobility Limited is a pure electric vehicle (EV) player in India, focused on building vertically integrated technology and manufacturing capabilities for EVs and their components, including cells. It manufactures EVs and key components such as battery packs, motors, and vehicle frames at the Ola Future factory. The business targets the growing opportunity in the electrification of mobility in India and plans to explore select international markets for EV exports in the future. Since the announcement of its first product in August 2021, the company has delivered four products and announced six new products. The first EV model, the Ola S1 Pro, was delivered in December 2021, followed by the Ola S1 in September 2022, the Ola S1 Air in August 2023, and
Show More

Object of Issue (Ola Electric IPO Objectives)

  • Capital expenditure to be incurred by its Subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from GWh to GWh, classified as phase under the expansion plan
  • Repayment or pre-payment, in full or part, of the indebtedness incurred by its Subsidiary, OET
  • Investment into research and product development
  • Expenditure to be incurred for organic growth initiatives
  • General corporate purposes

Axis Capital Limited is the book-running lead manager of the Ola Electric Mobility IPO. Link Intime India Private Limited is the Registrar for Ola Electric Mobility IPO.

Ola Electric Mobility IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Ola Electric Mobility IPO?

Ola Electric Mobility IPO, based in Bangalore, operates in the   Automobile sector with a focus on electric vehicle. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Ola Electric Mobility IPO size is ₹ 6145.56 Cr. with fresh issue size of ₹ 5500.00 Cr. and Offer for sale being ₹ 645.56Cr.

When is Ola Electric IPO allotment?

The IPO allotment date for Ola Electric Mobility IPO is expected to be 7th August 2024, after the finalization of basis of allotment. Investors can check Ola Electric Mobility IPO allotment status on the registrars website, Link Intime India Private Limited . Ola Electric Mobility IPO refund dates are 8th August 2024.

When is Ola Electric Mobility IPO listing date?

Ola Electric Mobility IPO is expected to be listed on 9th August 2024.

What is the price band for Ola Electric IPO?

The upper price band for the Ola Electric Mobility IPO is set at ₹ 76.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Ola Electric Mobility IPO Review?

For IPO analysis on Ola Electric Mobility IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Ola Electric Mobility IPO?

To apply for the Ola Electric Mobility IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 6th August 2024. After submission, funds are blocked until the basis of allotment of Ola Electric Mobility IPO is finalised.

Who is the merchant banker of Ola Electric IPO?

The merchant banker for Ola Electric Mobility IPO is Axis Capital Limited , Bob Capital Markets Limited , Bofa Securities India Limited , ICICI Securities Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited . Axis Capital Limited , Bob Capital Markets Limited , Bofa Securities India Limited , ICICI Securities Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Ola Electric Mobility IPO RHP for further details.

Who is the Registrar of Ola Electric Mobility IPO?

The registrar for Ola Electric Mobility IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Ola Electric Mobility IPO through their official website or helpline.

What is the Ola Electric Mobility IPO subscription?

Ola Electric Mobility IPO was subscribed 4.45 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Recent IPO List

Scoda Tubes Limited

  Steel

  Ahmedabad


Prostarm Info Systems Limited

  Power and Energy

  Mumbai


Aegis Vopak Terminals Limited

  Oil and Gas

  Surat


Leela Hotels - Schloss Bangalore Limited

  Hotels and Resorts

  New Delhi


Borana Weaves Limited

  Textiles - Fabrics

  Surat


Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Peer Companies Of This Sector

FAQs

Ola Electric Mobility IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ola Electric Mobility Financial Review Page

Ola Electric Mobility IPO subscription was 4.45 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ola Electric Mobility IPO listed at a listing price of 91.18 against the offer price of 76.00.

The current market price of Ola Electric Mobility is 47.26.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency