Ola Electric IPO: Major Debut In The EV Sector

About Ola Electric Mobility Ltd

Established in 2017, Ola Electric Mobility Limited has swiftly become a major player in the electric vehicle (EV) industry. The company specializes in manufacturing electric vehicles and essential components, such as battery packs, motors, and vehicle frames, at its state-of-the-art🗹 Ola Futurefactory.

Ola Electric's business model leverages three scalable platforms: an R&D and Technology Platform for internal EV development, a Production and Supply Chai♐n Platform for flexible manufacturing, and a Direct-to-Consumer Omnichannel Sales Platform for integrated physical and online sales.

Product Line and Launches

Since i⭕t was established, Ola El♏ectric has significantly broadened its range of products.

●    Ola S1 Pro: The initi൲al electric vehicle model was released in December 2021.

●  &n𓆉bsp; Ola S1 ꦛSeries: Comprising of the Ola S1, Ola S1 Air, Ola S1 X, and Ola S1 X+.

●  𓆏;  New EV Mode😼ls and Motorcycles like the Diamondhead, Adventure, Roadster, and Cruiser were announced for August 2023.

In the fiscal year 2023, Ola Electric prioritized its export activities, exporting around 75% of its two-wheeler expo🍷rts to Africa, Latin America, and Southeast Asia. The supply of electric two-wheelers within the company's home market was relatively limited.

As of March 31, 2024, Ola Electric has a w༒orkforce of 959 people, consisting of 907 permanent employees and 52 freelancers, focused on research, product development, vehicle design, and software development.

Ola Electric Mobility IPO Details

Investment Requirements

Rеtail Invеstors:

• Minimum Invеstmеnt: ₹14,820 for 195 sharеs

• Maximum Invеstmеnt: ₹192,660 for 2,535 sharеs

Small and Non-Institutional Invеstors (sNII):

• Minimum Lot: 14 lots (2,730 sharеs) for ₹207,480

• Maximum Lot: 67 lots (13,065 sharеs) for ₹992,940

Big and Non-Institutional Invеstors (bNII):

• Minimum Lot: 68 lots (13,260 sharеs) for ₹1,007,760

 IPO Reservation Details

• QIB Shares Offered: At least 75% of the Net Issue

• Retail shares available: Upꦜ to 10% of the Net Issue

• HNI (NII) Shares Offer𒆙𒐪ed: Up to 15% of the Net Issue

Ola Electric Mobility Limited Financials

All Amounts in Crores

Ola Electric Mobility Limite🍷d experienced an 88.42% increase in revenue, with profit after tax (PAT) declining by 7.63% for the financial year ending March 31, 2024, in comparison to March 31, 2023

• The Ola Electric IPO has a market capital♐ization of ₹33,521.75 cro🍸re.

• The Return on Networth (RoNW) is🔴 curren꧋tly at a negative 78.46%.

• The Price-to-Book Value (PBV) stands at 13.72.

• Before the IPO, the Earnings Per Share (EPS) was -4.3, while it was -3.59 a💮fter the IPO.

• The Price-to-Earnings (P/E) ratio stands at -1ไ7.69 before the IPO and -21.16 after the IPO.

Objectives of Ola Electric Mobility Limited IPO

The company intends to💮 utilize the net funds raised from the IPO for the following objectives:

• Increase capital expenditure for its subsidiary, OCT, to boostไ the cell manufacturing plant's capacity from 5 GWh to 6.4 GWh in phase 2 of the expansion project.

• Sett♕le or pay off, either partly or completely, the debts acquired by its subsidiary, OET.

• Invest in research and development for 🐠product innovation.

• Support expenditure for initiatives designeಌd to promote organic growth.

• Allocate funds for general corporate purposes.

Ola Electric Mobility IPO Peer Comparison

Comparison of Ola 💮Electric Mobility Limited with similar publicly listed companies as of March 31, 2024

• Source: Financial information from annual reports/results foꦅr the year ending March 31, 2024.

• Ola Electric: Information from Restated Consolidated Financ🦩ial Statements for the year ending March 31, 2024.

• EPS: Basic/Diluted EPS 💦from financial statements for the year ending on March 31, 2024.

• RoNW: Net profit after🐲 tax divided by total equity; loss for theꦅ year divided by Net Worth as of March 31, 2024.

• NAV: The total equity divided by the number of outstanding shares at the end of the y💦ear.

• P/E Ratio: The clos♚ing market price on NSE (July 25, 202🔜4) divided by Diluted EPS n.

• EV: T Total Market Capitalization plus Net Adjusted Debt; Market Cap equals Offer Price multiplieওd by post-offer shares.

How to Invest in Ola Electric Limited IPO

For investors looking for a streamlined and user-friendly approach to IPO investments, the One-Click IPO feature offers a highly efficient solution. This innovative platform simplifies the IPO application proꦫcess, making it more accessible. HDFC Sky provides a comprehensive tool for managing IPO investments, ideal for those seeking a hassle-free experience.

Investing in the Ola Electric IPO is straightforward and secure with . Follow these steps:

1. Open an HDFC Sky Account: Set up ♈your account quickly and conveniently 🔥online.

2. Find the IPO: Locate t📖he Ola Electric IPO on t🔜he HDFC Sky platform.

3. Invest with One Click: Choose the Ola Electric IPO and use your UPI ID for a seamless i🎶nvestment process.

While managing your investments, keep an eye on the  for additional market insights and trends.