Informed InvestoRR
A step by step guide to sharpen your investing skills
Pricing
Choose from our range of pricing packages
All details of Ola Electric IPO you should know about!
Overview of Ola Electric IPO
IPO Date
to
Face Value
NA
Price Band
NA to NA
Lot Size
NA Share
Issue Size
Rs 5,500 cr of fresh issue+OFS of 9.52 cr shares (aggregating up to NA)
Listing At
BSE, NSE
Basis of Allotment
-
Initiation of Refunds
-
Credit of Shares to Demat
-
Listing Date
Cut off time for UPI Mandate
-
Objective of Ola Electric IPO
Ola Electric is a mainboard IPO with a fresh issue of Rs 5,500 cr and an offer for sale (OFS) of 9.52 equity shares. The price band has yet to be announced.
According to the DRHP, the net proceeds will be used for capex by the subsidiary company, OCT, for the expansion of the cell manufacturing plant (Rs 1,226 cr), repayment or pre-payment, in full or part, of the indebtedness incurred by the subsidiary, OET (Rs 800 cr), investment in research and product development (Rs 1,600 cr), expenditure for organic growth initiatives (Rs 350 cr), and general corporate purposes (Rs 1,524 cr).
About Ola Electric IPO
Founded in 2017, Ola Electric is a Bengaluru-based electric two-wheeler manufacturer. The company manufactures EV and EV components like battery packs, motors and vehicle frames. Currently, Ola Electric offers four EV products and has additionally announced six new products. The company is building an EV hub in Tamil Nadu, comprising of Ola Futurefactory for EV manufacturing, upcoming Ola Gigafactory and co-located suppliers. It operates a direct-to-customer omnichannel distribution network across India, comprising 935 experience centres and 414 service centres, and their official website, as of October 31, 2023. The company is the largest E2W seller in India by number of units registered in the six months period ended September 30, 2023, accounting for ~31% of the total E2W registrations in India for such period.
Ola Electric IPO Financials
Particulars (in Cr) | Q1FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 1,243 | 2,631 | 373 | 1 |
Operating Expenses Annual | 1,461 | 3,883 | 1,174 | 285 |
Operating Profit Annual | -218 | -1,252 | -800 | -284 |
Depreciation | 47 | 167 | 49 | 20 |
Interest Annual | 36 | 108 | 18 | 1 |
Tax Annual | - | - | - | - |
Net Profit Annual | -267 | -1,472 | -784 | -199 |
Total Share Holder Funds | 2,112 | 2,356 | 3,661 | 1,971 |
Fixed Asset Annual | 849 | 881 | 751 | 18 |
Total Non Current Asset | 2,326 | 2,124 | 1,332 | 243 |
Total Current Asset | 3,385 | 3,450 | 4,064 | 1,870 |
Total Asset Annual | 5,711 | 5,573 | 5,396 | 2,113 |
Book Value Per Share | ₹1 | ₹1 | ₹2 | - |
ROE | -13% | -62% | -21% | -10% |
ROCE | -54% | -200% | -29% | -16% |
Total Debt To Total Equity | 0.77 | 0.70 | 0.20 | 0.02 |
EBIDTA | -18% | -48% | - | - |
Cash From Operating | -97 | -1507 | -885 | -252 |
Cash From Investing | 155 | -319 | -1322 | 549 |
Cash From Finance | -30 | 659 | 3085 | 3 |
Net Cash Flow | 28 | -1167 | 878 | 300 |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
-
Promoter’s Holding(Post-Issue)
-
Yet to be announced
Yet to be announced
The share proposed to be listed on NSE and BSE.
Stock of the Month Announced!
Grab this investment opportunity today!