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OLAELECEQ / NSE, BSEListed
Ola Electric Mobility

Ola Electric Mobility Limited, founded in 2017, is a leading EV company specializing in manufacturing electric vehicles and key components like battery packs, motors, and frames at its Ola Futurefactory. Since launching the Ola S1 Pro in 2021, the company has expanded its lineup and announced six upcoming models, including electric motorcycles. By October 2023, Ola Electric had built a strong direct-to-customer network with 935 experience centers, 414 service centers, and an online presence across India. It also exports to markets in Africa, LATAM, and Southeast Asia. With a focus on R&D, manufacturing, and distribution, the company had 959 employees as of March 2024.

DRHPANCHOR
₹72 - ₹764.47x sub
Listed Price₹76.00
Listing Gain+0.00%

IPO Schedule & Timeline

Book Built Issue IPO
Open02 Aug 2024
Close06 Aug 2024
Allotment07 Aug 2024
Listing09 Aug 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail8,07,90,252 shares
9.99%
Nii(hni)12,11,85,387 shares
14.99%
QIB24,23,70,750 shares
29.97%
Employees7,97,101 shares
0.1%

Minimum Application Lots

Retail1 Lot (195 shares)
₹14,820
sHNI14 Lots (2,730 shares)
₹2,07,480
bHNI68 Lots (13,260 shares)
₹10,07,760

Company Promoters

Bhavish Aggarwal

Company Background

Ola Electric Mobility Limited, founded in 2017, is a leading EV company specializing in manufacturing electric vehicles and key components like battery packs, motors, and frames at its Ola Futurefactory. Since launching the Ola S1 Pro in 2021, the company has expanded its lineup and announced six upcoming models, including electric motorcycles. By October 20...

Lead Managers & Bankers

Kotak Mahindra Capital Company LimitedBofa Securities India LimitedAxis Capital LimitedSBI Capital Markets LimitedCitigroup Global Markets India Private LimitedGoldman Sachs (India) Securities Private LimitedICICI Securities LimitedBob Capital Markets Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2024 )₹5243.27 Cr
Growth+4842.8%
Revenue Trend (₹ in Crores)
0.02.0k4.0k6.0kMar 2021Mar 2022Mar 2023 Mar 2024
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2024 5,243.27-1,584.40 7,735.402,389.21
Mar 2023 2,782.70-1,472.08 5,573.171,645.75
Mar 2022456.26-784.15 5,395.86750.41
Mar 2021106.08-199.232,112.6438.87

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-24 -4.35 0%0%-17.69 -21.16
Mar-23 -3.910%0%00
Mar-22-2.230%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
07 Aug 2024
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
09 Aug 2024

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Ola Electric Mobility. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization07 Aug 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date09 Aug 2024Trading commences on exchange

How to Check Ola Electric Mobility Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Ola Electric Mobility from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Ola Electric Mobility IPO

Complete issue overview for Ola Electric Mobility (OLAELEC) IPO. The issue features an equity share price band of ₹72 – ₹76 per share with a minimum retail lot size of 195 Shares (minimum application amount of ₹14,820). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions