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OLA Cabs IPO Detail

OLA Cabs Mainline IPO worth of TBD is coming soon. it is a Mainline IPO which will list on BSE, NSE.

IPO opening and closing dates, IPO price band and lot size are yet to be announced.

Stay connected with us to get the complete OLA Cabs Mainline IPO 2024 details including business overview, financial performance, IPO opening and closing dates, GMP, issue details and subscription details.

OLA Cabs IPO Details

IPO Issue Opening Date:
IPO Issue Closing Date:
IPO Issue Price: ₹TBD Per Share
DRHP: Download DRHP
IPO Listing At: BSE, NSE
Retail Quota: Not more than 10% of the Net Issue
IPO Issue Type: Book Build Issue
IPO Issue Size: TBD
Offer for Sale: 9.52 Cr Shares
Fresh Issue: ₹5500.00 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 85.77%
Promoter Holding Post IPO:

OLA Cabs IPO Important Dates

Get important updates regarding OLA Cabs IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

OLA Cabs IPO dates
IPO Activity Date
Basis of Allotment Date*
Refunds Initiation*
Credit of Shares to Demat*
IPO Listing Date*

* - Tentative Dates

OLA Cabs IPO Lots

IPO Activity Date
Issue Price ₹TBD
Market Lot: TBD Shares
1 Lot Amount: ₹TBD
Min Small HNI Lots(2-10 Lakh): TBD -
Min Big HNI Lots(10+ Lakh): TBD -

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - OLA Cabs

Established in February 2017, Ola Electric Mobility Limited is a pure-play EV player in India, building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. The Ola Future factory manufactures electric vehicles and certain core components for EVs such as batteries, motors and vehicle frames.

Since the first product announcement in August 2021, the company has delivered its products and announced six more new products. Deliveries of the first EV model, the Ola S1 Pro, began in December 2021, followed by deliveries of the Ola S1 in September 2022, the Ola S1 Air in August 2023 and the Ola S1 X+ in December 2023. On August 15, 2023, the company announced additional new e-scooter models, the Ola S1 X (2 kWh) and the Ola S1 X (3 Wh), alongside the Ola S1 X+, as well as a motorcycle range consisting of the Diamondhead, Adventure, Roadster and Cruiser models. The delivery of the

Ola S1 X (2 kWh) and Ola S1 X (3 kWh) in the first half of the 2025 financial year. The company operates its omnichannel direct-to-consumer (“D2C”) distribution network comprising 935 experience centres and 414 service centres (including 410 service centres in experience centres) across India (as of October 31, 2023), in addition to its la electric website. According to the Redseer report, the network of experience centres was the largest company-owned network of experience centres in India as of September 30, 2023.

OLA Cabs IPO Strengths

  • Pure EV player with a leadership position in the fast-growing Indian E2W market.
  • Founder led company supported by a highly experienced and professional leadership team.
  • In-house R&D and technology capabilities.
  • Manufacturing at scale and supply chain resilience.
  • Scalable platform-based design and development approach.
  • Direct to customer omnichannel distribution model.
  • Eligibility for EV-releted government incentives leading to cost advantages.
  • Its execution capabilities.
Incorporation Sector IPO Issue Size Website
2017 2/3 Wheelers TBD https://www.olaelectric.com/

OLA Cabs IPO Objective

The company proposes to utilise the Net Proceeds towards funding the following objects:

  • 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(the "Project");
  • Repayment or pre-payment, in full or part, of the indebtedness incurred by its Subsidiary, OET;
  • Investment into research and product development;
  • Expenditure to be incurred for organic growth initiatives; and
  • General corporate purposes

Our experts can help you prepare for SME IPO

Ola Electric Mobility Limited Financial Information (Restated)

Ola Electric Mobility Limited's revenue increased by 509.89% and profit after tax (PAT) dropped by -87.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,711.125,573.175,395.862,112.64
Revenue1,278.682,782.70456.26106.08
Profit After Tax-267.16-1,472.08-784.15-199.23
Net Worth2,111.512,356.443,661.451,970.62
Reserves and Surplus-1,625.90-1,380.03-68.831,999.30
Total Borrowing1,616.571,645.75750.4138.87
Amount in ₹ Crore

OLA Cabs IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Ola Electric Mobility Limited-3.91-3.916.2662.47
Tvs Motor Company Ltd.27.9727.97124.469.6922Consolidated
Eicher Motors Ltd.106.56106.56547.2636.7819Consolidated
Bajaj Auto Ltd.212.5212.51029.4829.9521Consolidated
Hero Motocorp Ltd.140.62140.49838.9727.1617Consolidated

Company Address

Ola Electric Mobility Limited
Regent Insignia, #4143rdFloor,
4thBlock, 17thMain100 Feet Road,
Koramangala
Bangalore,Karnataka-560034
India
Website: https://www.olaelectric.com/
Phone: +91 80 3544 0050
Email: [email protected]

OLA Cabs IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
OLA Cabs IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for OLA Cabs? Should I apply in OLA Cabs IPO?

Last Updated on 30-Jun-2024 07:02:44

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase OLA Cabs IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply OLA Cabs IPO with Zerodha.

Alternate approch to apply in OLA Cabs IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

OLA Cabs IPO Review and Important Updates

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Apply in OLA Cabs IPO online

To subscribe or apply in OLA Cabs IPO, you can use the following methods:

MethodDetails
OLA Cabs IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in OLA Cabs IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in OLA Cabs IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in OLA Cabs IPO. Most of the Syndicate Banks provide access to apply in OLA Cabs IPO via ASBA process. You must have your net banking access, DP ID information to apply in OLA Cabs IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in OLA Cabs IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

OLA Cabs IPO Review and Important Updates

Other relevant question on same topics are:

Where to subscribe OLA Cabs IPO? Where to apply for OLA Cabs IPO? How to subscribe OLA Cabs IPO online? OLA Cabs IPO where to apply? Where to buy OLA Cabs IPO online? How to buy OLA Cabs IPO online? How to purchase OLA Cabs IPO? How to get OLA Cabs IPO? How to book OLA Cabs IPO? How to invest OLA Cabs IPO? OLA Cabs IPO kaise buy kare?

 

OLA Cabs IPO Application is not yet available.

 

OLA Cabs IPO Listing Date is not yet announced.

 

OLA Cabs IPO Allotment Date is not yet announced.

 


User Reviews

5. Rahul Jun 26 2024 04:38:35 PM Reply
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4. PANKAJ SHARMA Jun 26 2024 02:02:52 AM Reply
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3. Kamal Kumar Shamadhia Jun 26 2024 02:02:52 AM Reply
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1. Pallavi Mali Jun 26 2024 02:02:52 AM Reply
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