Status
Listed
Price band
₹72–₹76
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
195 shares
Minimum money
₹14,820 for 1 lot
Issue size
₹6,145.56 crore
Dates
2 Aug 2024 – 6 Aug 2024
Official links
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Ola Electric Mobility Ltd. IPO is listed. It opens on 2 Aug 2024 and closes on 6 Aug 2024. The price band is ₹72 to ₹76. One lot is 195 shares, and the minimum amount is ₹14,820. The issue size is ₹6,145.56 crore, with a fresh issue of ₹5,500.06 crore and an offer for sale of ₹645.5 crore. In FY24, total income was ₹5,243.27 crore and profit after tax was ₹-1,584.4 crore. Total income was up 88.4% from ₹2,782.7 crore in FY23. Profit after tax was down 7.6% from ₹-1,472.08 crore in FY23.
The total subscription for Ola Electric Mobility Ltd. is 4.45 times.
Ola Electric Mobility Ltd. listed at ₹76.
Ola Electric Mobility makes electric two-wheelers. It sells scooters and motorcycles under the Ola brand.
Dates
Opens
2 Aug 2024
Closes
6 Aug 2024
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
7 Aug 2024
Refunds
8 Aug 2024
Demat credit
8 Aug 2024
Listing
9 Aug 2024
Objects of the issue
- Capital expenditure to be incurred by our Subsidiary, OCT for the Project
- Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET
- Investment into research and product development
- Expenditure to be incurred for organic growth initiatives
- General corporate purposes
Subscription
Subscribed 4.45x overall. Final, as of 6 Aug 5 pm IST.
Total
4.45x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹5,500.06 crore |
| Offer for sale | ₹645.5 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 10% |
| Large bids | 15% |
| Big funds | 75% |
Issue
- Face value
- ₹10
- Fresh issue
- ₹5,500.06 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹645.5 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 10%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 75%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY22 | ₹456.26 crore | −₹784.15 crore |
| FY23 | ₹2,782.7 crore | −₹1,472.08 crore |
| FY24 | ₹5,243.27 crore | −₹1,584.4 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY22 | ₹3,661.45 crore |
| FY23 | ₹2,356.44 crore |
| FY24 | ₹2,019.34 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY22 | 456.26 | -784.15 | 3,661.45 | — | — |
| FY23 | 2,782.7 | -1,472.08 | 2,356.44 | — | — |
| FY24 | 5,243.27 | -1,584.4 | 2,019.34 | — | — |
Listing
- Listing price
- ₹76
- Close on listing day
- ₹91.2
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- 0% versus ₹76
Frequently asked questions
When does this issue open?
It opens on 2 Aug 2024 and closes on 6 Aug 2024.
What is the lot size and the minimum amount?
One lot is 195 shares. The minimum amount is ₹14,820 for 1 lot.
When are allotment and listing?
Allotment is on 7 Aug 2024. Listing is on 9 Aug 2024.
What is the price band?
The price band is ₹72 to ₹76.
What is the issue size?
The issue size is ₹6,145.56 crore.
How many times was it subscribed?
The total subscription is 4.45 times, checked 6 Aug 2024, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is 0%.
This page is a calendar of dates and prices. It is not a recommendation to apply.