Ola Electric IPO Date, Review, Price, Allotment Details

Ola Electric is a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. They manufacture EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Their business focuses on capturing the opportunity arising out of electrification of mobility in India and they also seek opportunities to export our EVs in select international markets in the future.

Ola Electric has delivered four products and additionally announced six new products since their first product announcement in August 2021. They commenced delivery of our first EV model, the Ola S1 Pro, in December 2021. This was followed by the delivery of the Ola S1 in September 2022, the Ola S1 Air in August 2023, and the Ola S1 X+ in December 2023. On August 15, 2023, they announced other new EV
scooter models, the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh), in addition to the Ola S1 X+, as well as a line-up of motorcycles comprising four models, Diamondhead, Adventure, Roadster and Cruiser. They plan to commence delivery of the Ola S1 X (2 kWh) and the Ola S1 X (3 kWh) by the first half of Fiscal 2025 and the motorcycles in the first half of Fiscal 2026.

The company had the highest revenue of all Indian incorporated electric 2Ws (“E2Ws”) original equipment manufacturers (“OEMs”) from E2W sales in Fiscal 2023, according to the Redseer Report. Within nine months of delivering our first EV scooter in December 2021, they became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways (“VAHAN”) according to the Redseer Report. Research and development (“R&D”) and technology are at the core of our business model with a focus on in-house product innovation.

They undertake R&D activities in India, the United Kingdom (“UK”) and the United States (“US”) focused on designing and developing new EV products and core EV components, such as battery packs, motors, and vehicle frames. They are in the process of building our EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which includes our Ola Futurefactory, our upcoming Ola Gigafactory and co-located suppliers in Krishnagiri district. At their Ola Futurefactory, they manufacture our EV scooters using certain EV components manufactured in-house and other components procured from third parties, such as cells. The Ola Futurefactory is the largest integrated and automated E2W manufacturing plant in India (in terms
of production capacity) by an E2W-only OEM, as of September 30, 2023, according to the Redseer Report.

In addition, Ola Electric operates a BIC in Bengaluru, India that is focused on developing cell and battery technology and manufacturing processes for our forthcoming cell manufacturing at the Ola Gigafactory.
They operate their direct-to-customer (“D2C”) omnichannel distribution network comprising 935 experience centers and 414 service centers (of which 410 service centers are located within experience centers) situated across India, as of October 31, 2023, in addition to their Ola Electric website. Our network of experience centers was India’s largest company-owned network of experience centers as of September 30, 2023, according to the Redseer Report.

Objects of the Issue

• Capital expenditure to be incurred by our Subsidiary, OCT for expansion of the capacity of our cell manufacturing plant from 5 GWh to 6.4 GWh, classified as phase 2 under the expansion plan (the “Project”);
• Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET;
• Investment into research and product development;
• Expenditure to be incurred for organic growth initiatives; and
• General corporate purposes

Ola Electric IPO Review (Apply or Not)

• To be updated soon

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Ola Electric IPO Date & Price Band Details

Ola Electric IPO Market Lot

The Ola Electric IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.

Ola Electric IPO Allotment & Listing Dates

The Ola Electric IPO date is [.] and the close date is [.]. The Ola Electric IPO allotment will be finalized on [.] and the IPO listing on [.].

You can check IPO subscription status and IPO allotment status on their respective pages.

Ola Electric IPO Form

How to apply for the Ola Electric IPO? You can apply for Ola Electric IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ola Electric IPO in the Invest section. The other option is you can apply for Ola Electric IPO via IPO forms downloaded via NSE and BSE. Check out the Ola Electric forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Ola Electric Company Financial Report

Ola Electric IPO Valuation – FY2023

Check Ola Electric IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• NA

Company Promoters

• BHAVISH AGGARWAL

Ola Electric IPO Registrar

Link Intime India Private Limited
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in

Ola Electric IPO Allotment Status Check

Check Ola Electric IPO allotment status on Linkintime website allotment URL. Click Here

Ola Electric IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• ICICI Securities Limited
• SBI Capital Markets Limited
• BOB Capital Markets Limited

Company Address

Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor,
4th Block, 17th Main, 100 Feet Road,
Koramangala, Bengaluru 560 034, Karnataka
Tel: +91 80 3544 0050
E-mail: [email protected]
Website: www.olaelectric.com

Ola Electric IPO FAQs