₹ 14820 / 195 shares
IPO Details
RHP/DRHPIssue Date
02 Aug - 6 Aug'24
Investment/lot
₹ 14820
Price Range
72 - 76
Lot Size
195
IPO Size
₹ 6146.12 Cr
IPO Listing Details
Listing On
9 Aug'24
Issue Price
76
Listed Price
₹ 76
Retail Gain/Listing Gain
▲0.00%
IPO Timeline
Ola Electric Mobility IPO Announced | CMD Bhavish Aggarwal | EV Sector | Ola Electric IPO
Kotak Securities
•1m 41s
Ola Electric Company Background
Ola Electric Mobility is an EV player in India and builds vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells.
The company manufactures EVs and core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. The business focuses on capturing the opportunity arising from the electrification of mobility in India. The company seeks opportunities to export its EVs to select international markets in the future.
Click here to know more about Ola Electric Mobility Share Price and stay updated on the latest market trends.
Ola Electirc Competitive Strength
Pure EV player with a leadership position in the fast-growing Indian E2W market
E2W penetration in India is projected to grow significantly, increasing from around 5.40% of domestic 2W registration sales reported on the VAHAN portal in Fiscal 2024 to between 41% and 56% of domestic 2W sales volume by Fiscal 2028, as per the Redseer Report. The company's exclusive focus on electric vehicles positions it well to capitalise on this transition within the expanding Indian 2W market. Notably, it was the largest E2W seller in India in Fiscal 2024, accounting for approximately 35% of total E2W registrations during that period, according to the Redseer Report.
In-house R&D and technology capabilities
The company undertakes R&D activities in India, the UK and the US, focussing on designing and developing new EV products and core EV components, such as battery packs, motors and vehicle frames. They have leveraged its R&D to develop core EV components, including MoveOS with features like Ola Maps navigation, call filter, ‘find my scooter’, and anti-theft alerts. They have also created a centralised electronics architecture for EV control, compact motors and drivetrains, cell and battery pack manufacturing technologies, and flexible assembly lines for various EV models.
Scalable platform-based design and development approach
Their platform-focused product development is central to their business model, allowing them to use common elements like a modular electric powertrain, battery pack with BMS, motors, power electronics module, electronics, and software for new EV models. This approach reduces product development costs and time to market. Their adaptable platform enabled the delivery of four products and the announcement of seven new products since August 2021. As of March 31, 2024, 86.60% of components in the Ola S1 Pro, Ola S1 Air, and Ola S1 X+ are common, such as the battery pack. This modular platform is expected to drive down costs and enable fast product development cycles.
Ola Electric Risk Factors
- The company has a limited operating history in manufacturing EVs. There is no assurance that they will be cost-effective in their operations or profitable in the future, whether at the holding company level or the subsidiary level.
- The company has heavily invested in and plans to continue investing in R&D and technology. There is no assurance that they will realise returns on such investments.
- The company could experience disruptions in the supply or an increase in prices of components and raw materials used in the manufacturing process of their EVs, which could result in an increase in price and impact their projected manufacturing and delivery timelines.
Key Strategies
- Build “India” centric EV products with an “India first” strategy.
- Continue to invest in R&D to advance technological capabilities and optimise costs.
- Build an EV hub with vertically integrated manufacturing and supply chain to improve cost efficiency.
Ola Electric Key Financials
Here are the key financials for Ola Electric Mobility Ltd:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Ola Electric IPO?
Here are the steps to apply for Ola Electric IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Ola Electric IPO FAQs
When is Ola Electric IPO listing date?
Ola Electric IPO will list on 2024-08-09.
What is the issue size of Ola Electric IPO?
6146.12 is the issue size of Ola Electric IPO.
What is the minimum lot size required for Ola Electric IPO?
The minimum lot size is 195 shares and the investment required is ₹14820.
What is the price band of the Ola Electric IPO?
The price band of Ola Electric IPO is ₹72 to ₹76.
Where can I read more about Ola Electric business?
You can read more about Ola Electric and its IPO from the company’s red herring prospectus (RHP) here.
What is the Ola Electric Mobility Limited IPO?
The Ola Electric Mobility Limited IPO has an issue size of Rs. 6,145.56 crores. The IPO opens for subscription on 2nd August 2024 and closes on 6th August 2024.
Who is the Registrar for Ola Electric Mobility Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
