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15 Days Price Change

OLA Electric Mobilit IPO

Closing In

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Issue Size --
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Price Range 72  to  76 per share
Profile
Min Investment ₹76
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Ola Electric Mobility Limited is an Indian electric vehicle manufacturer established in 2017 as a subsidiary of the ride-hailing company Ola Cabs. Headquartered in Bengaluru, the company aims to accelerate the adoption of electric vehicles in India and contribute to sustainable mobility. Ola Electric focuses on designing and manufacturing electric scooters and other two-wheelers. In 2021, it launched the Ola S1 and S1 Pro scooters, which gained significant attention for their performance, range, and innovative features. The company has built a state-of-the-art manufacturing facility, known as the Ola Futurefactory, in Tamil Nadu, which is one of the largest electric two-wheeler factories globally. Ola Electric is committed to building a comprehensive electric vehicle ecosystem, including charging infrastructure and battery-swapping stations. The company is backed by prominent investors and aims to expand its product line, explore international markets, and contribute to reducing carbon emissions by promoting clean and efficient transportation solutions. Read More

Basic Info

Face Value 10 per share

Price 72  to  76 per share

P/E (x) -13.8

Sales( Cr.) 4514

PAT( Cr.) -2276

EPS -5.5

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Bhavish Aggarwal

Pre Issue Share Holding 100%

Post Issue Share Holding 84.2%

Listing Details:

Listing Price: 75.99

Listing Gain: -0.01%

Current Price: 41.5

Gain On Issue: 41.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 02, 2024
Closing Date Aug 06, 2024
Allotment Aug 07, 2024
Refund Aug 08, 2024
Delivery of Shares Aug 08, 2024
Listing Date Aug 09, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 195 14,820
Retail (Max) 13 2535 192,660
S-HNI (Min) 14 2730 207,480
S-HNI (Max) 67 13065 992,940
B-HNI (Min) 68 13260 1,007,760

Objective of the Issue

1. Capital expenditure to be incurred by its Subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from 5GWh to 6.4 GWh, classified as phase 2 under the expansion plan 2. Repayment or pre-payment in full or part of the indebtedness incurred by its Subsidiary 3. Investment into research and product development 4. Expenditure to be incurred for organic growth initiatives 5. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 606469655 3353777192 5.5x
NII 121293931 304447767 2.5x
Retail 80862621 327493615 4x
EMP 0 0 0x
Total 808626207 3598386621 4.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

OLA Electric Mobilit Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1 373 2631 5010 4514
Other Income 105 83 152 233 418
Total Income 106 456 2783 5243 4932
Total Expenditure 285 1174 3883 6277 6253
Operating Profit -179 -718 -1101 -1034 -1321
Interest 1 18 108 186 366
Depreciation 20 49 167 358 566
Exceptional Income / Expenses 0 0 -96 -6 -23
Profit Before Tax -199 -784 -1472 -1584 -2276
Provision for Tax 0 0 0 0 0
Profit After Tax -199 -784 -1472 -1584 -2276
Adjustments 0 0 0 0 0
Profit After Adjustments -199 -784 -1472 -1584 -2276
Adjusted Earnings Per Share -1 -4 -7.5 -8.1 -5.2

OLA Electric Mobilit Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1971 3661 2356 2019 5143
Minority's Interest 0 0 0 0 0
Borrowings 0 524 700 1319 1724
Other Non-Current Liabilities 4 54 165 389 654
Total Current Liabilities 138 1157 2351 4008 3554
Total Liabilities 2113 5396 5573 7735 11075
Fixed Assets 104 1025 1219 2492 3154
Other Non-Current Assets 139 308 905 1197 1260
Total Current Assets 1870 4064 3450 4046 6661
Total Assets 2113 5396 5573 7735 11075

OLA Electric Mobilit Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 57 357 1235 67 -112
Cash Flow from Operating Activities -252 -885 -1507 -633 -2391
Cash Flow from Investing Activities 549 -1322 -319 -1136 -2864
Cash Flow from Financing Activities 3 3085 659 1590 5429
Net Cash Inflow / Outflow 300 878 -1167 -179 174
Closing Cash & Cash Equivalent 357 1235 68 -112 62

OLA Electric Mobilit Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.02 -4.01 -7.53 -8.1 -5.16
CEPS(Rs) 0 -3.76 -6.67 -6.27 -3.88
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 9.88 9.2 1.94 -6.18 11.27
Core EBITDA Margin(%) 0 -214.34 -47.6 -25.29 -38.52
EBIT Margin(%) 0 -205.27 -51.85 -27.9 -42.31
Pre Tax Margin(%) 0 -209.99 -55.95 -31.62 -50.42
PAT Margin (%) 0 -209.99 -55.95 -31.62 -50.42
Cash Profit Margin (%) 0 -196.87 -49.6 -24.47 -37.88
ROA(%) -9.43 -20.89 -26.84 -23.8 -24.2
ROE(%) -10.34 -42.1 -135.19 0 -121.03
ROCE(%) -9.88 -23.87 -32.43 -33.24 -30.33
Receivable days 160.53 7.62 6.9 8.82 6.75
Inventory Days 1361.15 140.51 60.23 46.55 59.76
Payable days 0 151.83 74.56 85.12 113.2
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0 4.7
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) -1535.92 6.46 1.48 1.13 5.07
EV/Core EBITDA(x) 7.42 -3.36 -3.53 -5.47 -17.33
Net Sales Growth(%) 0 0 604.54 90.43 -9.9
EBIT Growth(%) 0 -286.28 -77.97 -2.48 -36.62
PAT Growth(%) 0 -293.59 -87.73 -7.6 -43.69
EPS Growth(%) 0 -292.49 -87.73 -7.63 36.32
Debt/Equity(x) 0.02 0.21 0.75 1.35 0.61
Current Ratio(x) 13.58 3.51 1.47 1.01 1.87
Quick Ratio(x) 13.55 3.27 1.22 0.84 1.65
Interest Cover(x) -251.19 -43.51 -12.64 -7.52 -5.22
Total Debt/Mcap(x) 0 0 0 0 0.13

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -10% 130% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% NA% NA% NA%
ROE Average -121% -85% -62% -62%
ROCE Average -30% -32% -26% -26%

Company Contact Information

OLA Electric Mobility Ltd.

Wing C, Prestige Rmz Startech Hosur Road, Municipal Ward No.67, Municipal No. 140 Industrial Layout, Koramangala

IPO Lead Manager(s)

OLA Electric Mobility Ltd.

Axis Capital Ltd.

BOB Capital Markets Ltd

BofA Securities India Ltd.

Citigroup Global Markets India Pvt Ltd.

Goldman Sachs (India) Securities Pvt Ltd

ICICI Securities Ltd

Kotak Mahindra Capital Co Ltd

SBI Capital Markets Ltd

Registrar Info

OLA Electric Mobility Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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