Question 1

Can I buy Ola Electric shares?

Accepted Answer

On December 26, 2023, Ola Electric lodged its Draft Red Herring Prospectus (DRHP) with SEBI, setting its sights on commencing an Initial Public Offering (IPO) in 2024. The IPO will raise ₹5,500 Crore via a fresh issue and offer 9.52 Crore shares through Offer For Sale (OFS). Each Ola Electric share holds a face value of ₹10, marking a pivotal step in the company's journey towards public listing and investment expansion.

Question 2

Is Ola listed in the stock market?

Accepted Answer

The anticipated IPO of OLA Electric Mobility Limited, which specialises solely in electric vehicles (EVs), is slated for 2024. The IPO encompasses a fresh issue valued at ₹5500 crore, along with an Offer-for-Sale (OFS) of 95,191,195 Equity Shares. Specific details regarding the share allotment date and listing date are pending announcement, marking a significant milestone in OLA Electric's journey towards public offering and market presence.

Question 3

What is Ola Electric's IPO price?

Accepted Answer

The first issue is equity shares up to Rs 5,500 crore and offers for sale of 95,191,195 equity shares at Rs 10 face value. The founder of Ola EV company, Bhavish Aggarwal, will sell 47.4 million shares, as per draft papers submitted on 22 December 2023.

Question 4

Is Ola Electric profitable?

Accepted Answer

The total revenue comprises both operational revenue and other sources of income. In FY23, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) profit/loss showed notable improvement, increasing from 157 percent in FY22 to 43 percent in FY23. This upward trend signifies enhanced financial performance and operational efficiency during the fiscal year, reflecting positively on the company's overall financial health and stability.

Question 5

Is Ola Electric listed in NSE?

Accepted Answer

Ola Electric shares are proposed to be listed on BSE and NSE.

Question 6

Who are the owners of Ola Shares?

Accepted Answer

According to the latest post-round ownership report as of December 8, 2021, the breakdown is as follows: Founders retain 12.60% with a net worth of INR 6,680Cr. The majority of shares, 67.34%, are owned by funds. Additionally, Enterprises hold 10.39%, Angels hold 2.75%, and Other Individuals hold 0.46% of Ola's shares.

SL	Top Share Holders	%
1	All Others	100.0%
	Total	100.0%

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Ola Electric Unlisted Shares

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