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Ola Electric IPO: All you need to know before subscribing

Economic Times

Economic Times · 11m ago

Ola Electric IPO: All you need to know before subscribing

Ola Electric, India's largest electric two-wheeler company, will launch its IPO with a price band of Rs 72-76 per share. The IPO consists of a fresh issue of equity shares worth up to Rs 5,500 crore and an offer for sale of 8.49 crore equity shares by promoters and investors. The IPO will conclude on August 6 and 10% of the shares will be reserved for retail investors. Ola Electric is expecting a valuation discount of around 25% compared to its last funding round. The funds raised will be used for capacity expansion, research and development, debt repayment, and organic growth initiatives. In the previous fiscal year, the company reported a revenue of Rs 5,009.8 crore and a loss of Rs 1,584.4 crore.

Related News

Ola Electric IPO opens. Should you subscribe to the biggest issue this year?

Economic Times

Economic Times · 11m ago

Ola Electric IPO opens. Should you subscribe to the biggest issue this year?

The IPO of Ola Electric, which includes a fresh equity sale of Rs 5,500 crore and an offer for sale of 8.4 crore shares, has opened for subscription. The issue will close on August 6. Founder Bhavish Aggarwal and other investors will be selling their shares in the IPO. Ola Electric is a prominent electric two-wheeler player in India and has raised over Rs 2,700 crore from anchor investors. Analysts are optimistic about the IPO and recommend subscribing to it with a long-term perspective. The IPO is priced in the range of Rs 72-76 per share. Ola Electric's revenue has shown growth, but the company's losses have also increased.

Bhavish calls Ola Electric 4th largest EV maker in world ‘excluding China’; trolled

Inshorts · 11m ago

Bhavish calls Ola Electric 4th largest EV maker in world ‘excluding China’; trolled

Ola Electric CEO Bhavish Aggarwal was trolled for calling his startup the fourth largest EV maker (by revenue) in the world "excluding China" during Ola Sankalp event. "I'm AIR 1 in JEE if you exclude all people [who] did better than me," an X user said. "They're largest Indian two-wheeler EV company, but what's the need of this," said another.

Startup Lingo – 101 Terms You Need to Know (From A to Z)

Internet

Internet · 2m ago

Startup Lingo – 101 Terms You Need to Know (From A to Z)

Whether you're building on your first startup idea or are a seasoned entrepreneur, there's a good chance you will come across a startup term or phrase you're either unsure of or just need to double-check. We are here to get you up to speed and help decipher all things startup. This definitive word list has everything you need to know to help you on your startup journey. Have this list with you, and you'll always have a reference to be on top of all the jibberish startup lingo 🚀

Ola Electric raises ₹1,700 cr debt ahead of IPO

Inshorts · 1m ago

Ola Electric raises ₹1,700 cr debt ahead of IPO

Ola Electric has secured board approval to raise ₹1,700 crore via non-convertible debentures, marking its first major financial move post-IPO filing. The funds will fuel production expansion, R&D, and its Gigafactory in Tamil Nadu. This strategic debt raise boosts market confidence, preserves equity, and positions Ola to accelerate its EV dominance before the anticipated IPO.

Indian ride-hailing giant Ola quits UK, Australia and NZ in international pullback

TechCrunch · 1y ago

Indian ride-hailing giant Ola quits UK, Australia and NZ in international pullback

Indian ride-hailing company Ola is closing down its operations in the UK, Australia, and New Zealand as it shifts its focus back to the domestic market. The SoftBank-backed startup plans to strengthen its presence in India before its upcoming initial public offering (IPO). Ola currently operates in hundreds of cities in India and offers various transportation options. Despite exploring merger possibilities with Uber, Ola has not reached an agreement and both companies continue to operate independently. Ola Electric, Ola's electric two-wheeler brand, is also preparing for its IPO, aiming to raise $662 million.

Ola Cabs is a profitable business now: Co-founder Bhavish

BQ Prime

BQ Prime · 2y ago

Ola Cabs is a profitable business now: Co-founder Bhavish

Bhavish Aggarwal, Co-founder of Ola Cabs, expressed that the ride-hailing company has become a profitable venture. He also mentioned that Ola Electric, the electric vehicle division, is likely to go public earlier than initially anticipated. Aggarwal originally estimated it would take four to six years of revenue before considering an IPO, but now he believes it will happen sooner than expected.

Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale

Economic Times

Economic Times · 1y ago

Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale

Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO aims to raise funds to support the expansion of Ola Electric's EV fleet and infrastructure. Ola Electric is one of the leading players in the Indian EV market and plans to launch a range of electric vehicles, including electric two-wheelers, three-wheelers, and four-wheelers.

Ola’s House Of Unicorns

Inc42 · 11m ago

Ola’s House Of Unicorns

Bhavish Aggarwal, the founder of Ola, is set to take Ola Electric public, marking the first IPO in a series expected to come from the Ola group. After the listing, Ola Electric will become the first auto sector company in two decades to be listed on the exchanges. Aggarwal's attention will likely shift to Ola, Krutrim, and the company's new verticals following the IPO.

Why did Ola Electric shares dip 5% on Wednesday?

Inshorts · 6m ago

Why did Ola Electric shares dip 5% on Wednesday?

Ola Electric shares dropped 5% on Wednesday after SEBI sent an administrative warning over violations with respect to disclosures made to exchanges. Last month, Ola CMD Bhavish Aggarwal revealed plans for a four-fold expansion of the company's store network on social media before informing exchanges. "You've failed to provide equal and timely access to information for all investors," SEBI said.

Ola Group Executive Amit Anchal buys luxury villa in Bengaluru. Details here | Mint

Livemint

Livemint · 11m ago

Ola Group Executive Amit Anchal buys luxury villa in Bengaluru. Details here | Mint

Amit Anchal, an executive of Ola Group, has purchased a luxury villa in Bengaluru for ₹13.5 crore. The property, located in Adarsh Palm Retreat Villas, features an 80,000-square-foot clubhouse with various amenities. Anchal, who is currently a strategic consultant for Ola, has previously held positions overseeing strategy and corporate finance for both Ola and Ola Electric. In other news, Ola Electric Mobility's IPO has opened for subscription with a price range of ₹72-76 per share. The IPO will be available for investors until August 5. Ola Electric is one of India's first fully electric vehicle companies to go public.

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