Everything You Need To Know About Ola Electric's Upcoming IPO

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IPO Launch Details

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Offer Structure

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Pricing and Allocation

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Key Partners

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Product Plans and Future

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Financial Performance

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Ola Electric Sets IPO Price Band At INR 72-76, Aims To Raise Over INR 6,145 Cr

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Everything You Need To Know About Ola Electric's Upcoming IPO

IPO Launch Details

Ola Electric’s IPO opens on 2nd August, targeting a valuation of $4.2–$4.4 billion. The offer closes on 6th August.

Offer Structure

The IPO includes a fresh share issue worth INR 5,500 Cr and an offer for sale of 8.49 Cr shares, reduced from the initial plan.

Pricing and Allocation

Shares are priced between INR 72-76 each. The company aims to raise over INR 6,145.6 Cr. Allocation: 75% QIBs, 10% retail.

Key Partners

Kotak Mahindra and Citigroup are leading the IPO.

Product Plans and Future

Ola’s electric car plans are on hold. The focus is on scooters and motorbikes, with future exports and cell production in view.

Financial Performance

Ola Electric net loss grew to INR 1,584.4 Cr in FY24. Revenue surged 90% to INR 5,009.8 Cr. No timeline for profitability has been given.

Ola Electric Sets IPO Price Band At INR 72-76, Aims To Raise Over INR 6,145 Cr