OLA IPO : Details

OLA: In our country, 9,47,087 electric two wheelers were sold in the financial year 2024. Out of which every third electric wheeler was from OLA Electric, which shows the company's hold on the Indian electric two wheeler market. OLA is the largest electric two wheeler manufacturer in our country.

The electric two wheelers sold by the company are increasing year after year. But the company wants to expand itself, so the company is preparing to be listed in the stock market. The company has recently announced that it will launch its IPO in the coming month of August.

About OLA Electric

OLA is an electric two wheeler manufacturer, the company does research and development including design, engineering and manufacturing of electric two wheelers. The company is seen manufacturing electric vehicles from sale to sale. The market cap of the company is Rs 33,500 crore.

OLA is bringing IPO

There were discussions about OLA's IPO for many days, but the company has announced to bring IPO on 29th July, the company says that it will launch its IPO in the coming month of August. The IPO will open on 2nd August and will end on 6th August. The price band of the company's IPO is going to be from Rs 72 to Rs 76. The lot size of the IPO has been kept at 195 shares. A minimum investment of Rs 14,820 will have to be made for the lot size.

If we talk about the size of this IPO, then the company is going to raise Rs 6145.56 crore with the help of this IPO. The size of the IPO is going to be 80,86,26,207 shares. In this, fresh issue 723,684,210 stocks will be issued, whose face value is going to be Rs 10. The total value of these stocks is going to be Rs 5,500 crore, while the offer for sale will be of 84,941,997 shares worth Rs 645.56 crore. Where will the money raised from the IPO be used

The company wants to expand its business for which the company has come up with the IPO. The company is going to invest the amount raised from this IPO in different areas, out of which the company is going to invest Rs 1227 crore in developing its battery manufacturing plant i.e. Ola Gigafactory, whose current capacity has been planned to be increased from 5 gigawatt hours to 6.4 gigawatt hours. The company wants to achieve its set capacity by April 2025.

If we talk about other expenses, then the company is going to use Rs 800 crore to repay the loan taken by its unit Ola Electric Technologies, while the firm is going to invest Rs 1,600 crore for research and product development. Along with this, the company has allocated Rs 350 crore for development initiatives.