Ola Electric Mobility IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Ola Electric IPO. Explore Ola Electric IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Ola Electric Mobility is a prominent player in India's electric vehicle (EV) industry, focusing on building vertically integrated technology and manufacturing capabilities for EVs and components, including cells. The company emphasizes in-house research and development to design and develop core EV components and products such as motors, drivetrains, battery packs, electronics, and software. Operating a direct-to-customer omnichannel distribution network and manufacturing EVs at the Ola Futurefactory, Ola Electric aims to revolutionize the EV landscape in India.
Key Points:
- Distribution Network: Operates an extensive D2C omnichannel distribution network across India, with 870 experience centers and 431 service centers as of March 31, 2024.
- EV Models: Offers EV scooters based on the Generation 2 platform, including models like Ola S1 Pro, Ola S1, Ola S1 Air, Ola S1 X+, Ola S1 X (2 kWh), and Ola S1 X (3 kWh).
- Motorcycles: Announced a lineup of motorcycles (Diamondhead, Adventure, Roadster, Cruiser) set for delivery in the first half of Fiscal 2026.
- Manufacturing Facilities: Operates the largest integrated and automated E2W manufacturing plant in India (Ola Futurefactory) and is building the Ola Gigafactory and co-located suppliers in Tamil Nadu.
- R&D and Innovation: Focuses on in-house product innovation with R&D activities in India, the UK, and the US, developing EV products and core components.
- Technology Platforms: Utilizes a vertically integrated approach across R&D, manufacturing, supply chain, and D2C distribution, ensuring fast time to market and optimized costs.
Objects of the Issue
- Capital expenditure to be incurred by the Subsidiary, OCT for expansion of the capacity of the cell manufacturing plant from 5 GWh to 6.4 GWh
- Repayment or pre-payment, in full or part, of the indebtedness incurred by the Subsidiary, OET
- Investment into research and product development
- Expenditure to be incurred for organic growth initiatives
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 02 Aug - 06 Aug 2024 |
| IPO Price Band | ₹ 72 - ₹ 76 per share |
| Fresh Issue | ₹ 5,500 crore |
| Offer For Sale | 84,941,997 shares (₹ 645.56 crore) |
| Total IPO Size | Approx ₹ 6,145.56 crore |
| Face Value | ₹ 10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 02 Aug 2024 |
| IPO Closing Date | 06 Aug 2024 |
| Basis Of Allotment | 07 Aug 2024 |
| Refunds | 08 Aug 2024 |
| Demat Transfer | 08 Aug 2024 |
| IPO Listing Date | 09 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 106.08 | 456.26 | 2,782.70 | 5,243.27 |
| Total Expenses | 284.09 | 1,173.81 | 3,883.38 | 6,277.41 |
| Net Profit/Loss | -199.23 | -784.15 | -1,472.08 | -1,584.40 |
| NPM (*) | -187.81 | -171.86 | -52.90 | -30.22 |
| Total Assets | 2,112.64 | 5,395.86 | 5,573.17 | 7,735.41 |
| Total Liabilities | 142.02 | 1,734.41 | 3,216.73 | 5,716.07 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -0.59 | -2.23 | -3.91 | -4.35 |
| ROE (%) | -10.11 | -21.42 | -62.47 | -78.46 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | -0.62 | -0.10 | 0.72 | 2.01 |
| Current Ratio | 13.58 | 3.51 | 1.47 | 1.01 |
| EBITDA MARGIN (%) | -168.57 | -157.27 | -43.02 | -19.84 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ola Electric Mobility Limited | 5,009.83 | -17.47 | -4.35 | -78.46 | 5.54 |
| TVS Motors | 39,144.74 | 68.99 | 35.50 | 23.68 | 158.10 |
| Eicher Motors | 16,535.78 | 33.58 | 145.92 | 22.17 | 659.06 |
| Bajaj Auto | 44,870.43 | 34.02 | 272.70 | 26.61 | 1,037.41 |
| Hero MotoCorp | 37,788.62 | 28.89 | 187.04 | 20.98 | 892.08 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 5.53 |
| Non-Institutional Investor (NII/HNI) | 2.51 |
| Retail Individual Investor (RII) | 4.05 |
| Total | 4.45 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- BHAVISH AGGARWAL
Lead Managers
- 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
Company Address
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor, 4th Block, 17th Main, 100 Feet Road, Koramangala, Bengaluru 560 034, Karnataka, India
Phone: +91 80 3544 0050
Email: ipo@olaelectric.com
Website: www.olaelectric.com
FAQs
- What is the issue size of the Ola Electric Mobility IPO?The Ola Electric Mobility IPO has an issue size of Approx ₹ 6,145.56 crore. This includes a fresh issue of ₹ 5,500 crore and an offer for sale (OFS) of 84,941,997 shares (₹ 645.56 crore).
- What is the price band of the Ola Electric Mobility IPO?The price band for the Ola Electric Mobility IPO is ₹ 72 - ₹ 76 per share.
- What are the bidding dates for the Ola Electric Mobility IPO?The Ola Electric Mobility IPO will open for bidding on 02 Aug 2024 and close on 06 Aug 2024.
- What is the allotment date for the Ola Electric Mobility IPO?The allotment date for the Ola Electric Mobility IPO is 07 Aug 2024.
- What is the listing date for the Ola Electric Mobility IPO?The listing date for the Ola Electric Mobility IPO is 09 Aug 2024.
- What is the Ola Electric Mobility IPO grey market premium?The grey market premium (GMP) for the Ola Electric Mobility IPO is currently at -₹3, with an expected listing gain of approximately -3.95%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.