Ola Electric IPO

Ola Electric IPO includes a fresh issue worth INR 5,500 crores and an offer to sell 9.52 crores of shares. Funds will support OCT’s plant expansion, OET debt repayment, R&D, and growth.

Important Details

Open Date : August 2, 2024 Close Date : August 6, 2024 Allotment Date: August 7, 2024 Listing Date: August 9, 2024

Important Details

IPO Price: INR 72 -76 per share Lot Size: 195 Shares Total Issue Size: INR 6,145.56 crores

Fundamental Analysis

Ola Electric IPO Analysis shows mixed performance: 1. Revenue Growth: Significant increase. 2. Liabilities: Rising. 3. EPS & RoNW: Worsening. 4. PAT: Improved. 5. Assets: Increasing, suggesting potential growth.

Peer Comparison

Ola Electric Mobility: Unprofitable, high return on net worth. TVS Motors & Bajaj Auto: Strong earnings, moderate profitability. Eicher Motors & Hero MotoCorp: Solid earnings and returns on net worth.

Objective

Ola Electric Mobility aims to expand cell manufacturing, repay subsidiary debt, invest in R&D, and fund organic growth.

Risks And Challenges

Ola Electric IPO Risks: 1. Financial Instability: Short track record and losses. 2. Incentives: Dependence on government support. 3. Manufacturing: Delays, shortages, and regulatory issues