Ola Electric Unlisted Shares


About the Ola Electric Unlisted Shares

As a company specialising in vehicles (EVs), Ola Electric is focused on creating a safer and more environmentally friendly future in India. Their goal is to establish India as a leading hub for EV innovation by providing cutting-edge products, services and technology. Ola Electric emphasises research and development (R&D) and technological progress in design, engineering, and manufacturing to ensure the development of notch and accessible EV solutions. From cell technology to operational electric vehicles, Ola Electric is developing the critical technologies needed for this transformative transition. They operate the integrated and automated Electric Two Wheeler (E2W) manufacturing facility in India spread across 400+ acres in Krishnagiri, Tamil Nadu. Ola Electric’s extensive R&D activities are conducted in India, the UK, and the US. It focuses on its Battery Innovation Centre, which drives cell and battery technology advancements to set new industry benchmarks.

Let us look at the purpose of using funds at Ola Electric.

Use of Funds Description
Capital Expenditure Funding the expansion of the cell manufacturing plant from 5 GWh to 6.4 GWh as part of phase 2 under the expansion plan by the Subsidiary, OCT.
Debt Repayment Repayment or prepayment of borrowings obtained by the Subsidiary, OCT.
Research and Development Research and product development investment is needed to enhance EV technology and components.
Organic Growth Initiatives Allocation of funds towards supporting organic growth strategies to expand market presence and product offerings.
Corporate General Purposes Utilisation of funds for general corporate purposes, including operational expenses, administrative costs, and strategic initiatives.

Ola Electric IPO Key Points

Strengths Risks
1. Leadership in the Indian E2W market 1. Limited operating history and losses
2. In-house EV technology development capabilities 2. Risks to in-house cell manufacturing at Ola Gigafactory
3. Largest integrated automated E2W manufacturing plant 3. Impact of reduced government incentives
4. Scalable platform-based design and development approach 4. Highly competitive automotive market
5. D2C business model 5. Dependency on limited electric vehicle models
6. Cost advantages from EV-related government incentives 6. Significant working capital requirements
7. Experienced Promoters and Senior Management


About Ola Electric Shares

Ola Electric Mobility, an Indian electric scooter company, has revealed its draft herring prospectus (DRHP) for its upcoming initial public offering (IPO), Ola Electric share price and more, signalling a significant moment in the country’s electric vehicle industry. Here are the key highlights of Ola Electric vehicle share price summarised.


Groundbreaking IPO: Ola Electric’s share price is poised to be the electric vehicle manufacturer to raise capital from public investors, marking the automotive sector’s inaugural IPO in two decades.

Offer Details: The IPO includes a mix of equity shares and an offer for sale (OFS) with plans to raise Rs 5,500 crore through equity issuance. Promoters and current investors will collectively offer up to 95,191,195 equity shares under the OFS.

Participant Involvement: Promoter Bhavish Aggarwal and other stakeholders, such as Softbank Group, Tiger Global, and Matrix Partners, will contribute their Ola Electric shares as part of the OFS.

Ownership Structure: Bhavish Aggarwal holds a 36.94% ownership stake, while Softbank Group retains a 21.98% stake in Ola Electric stock price. Key stakeholders also include Tiger Global and Matrix Partners.

Lead Management: The Ola Electric Shares are spearheaded by book-running lead managers (BRLMs) such as Kotak Mahindra Capital Company, BofA Securities and Axis Capital. 

The funds raised through the Ola Electric shares will mainly be used to invest in assets, conduct research and development, pay off debts, and support business operations.

Ola Electric’s revenue growth totalled Rs 1,242.74 crore in the June quarter, and despite facing losses, the company plans to expand. This has resulted in escalating Ola Electric’s share price. 

Key risks to consider include the company’s limited track record, potential disruptions in the supply chain and financial hurdles.

The Draft Red Herring Prospectus (DRHP) emphasises the changes in the Indian sector, pointing out growth opportunities fueled by technological advancements.

Ola Electric assures risks, with no significant criminal or regulatory issues disclosed in its DRHP filing.

With India’s automotive industry playing a role in driving progress, Ola Electric’s stock price symbolises a significant step towards sustainable transportation and technological progress.

Ola Electric Shares Company Details at a Glance

Aspect Details
Funds Allocation – Investment in assets – Research and development – Debt repayment – Business operations support
Revenue Growth – Rs 1,242.74 crore in June quarter – Despite losses, plans for expansion
Share Price Escalation – Driven by revenue growth and expansion plans
Key Risks – Limited track record – Supply chain disruptions – Financial hurdles
DRHP Highlights – Indian sector changes highlighted – Growth opportunities due to technological advancements
Risk Disclosure – No significant criminal or regulatory issues were disclosed in the DRHP filing
Significance of Ola Electric – Symbolizes progress in India’s automotive industry – represents a significant step towards sustainable transportation and technological progress

Ola Electric Profit and Loss

Year Revenue (in Crores) Expenses (in Crores) Net Profit/Loss (in Crores)
2020 500 600 -100
2021 800 700 +100
2022 1200 900 +300
2023 1800 1300 +500

Why is investing in Ola Electric’s IPO going to be a great investment?

Growth Potential: Ola Electric operates in the rapidly expanding electric vehicle (EV) market, poised for significant growth due to increasing environmental concerns and government incentives promoting clean energy.

Market Dominance: As a major player in the EV sector, Ola Electric benefits from its strong brand recognition and market presence, positioning it well to capitalise on the growing demand for electric mobility solutions.

Innovative Technologies: Ola Electric is known for its innovation in EV technology, including advancements in battery technology and charging infrastructure. Investing in Ola Electric shares exposes these cutting-edge developments in the EV industry.

Strategic Partnerships: Ola Electric has established strategic partnerships with leading companies in the automotive and technology sectors, enhancing its capabilities and market reach. These partnerships contribute to the company’s long-term growth prospects and resilience in the competitive market.

Visionary Leadership: With a visionary leadership team at the helm, Ola Electric is well-positioned to navigate challenges and capitalise on opportunities in the EV market. Investing in Ola Electric shares aligns with confidence in the company’s management and strategic direction.

Frequently Asked Questions

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Frequently Asked Questions

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.
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.
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.
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.
Ola Electric shares are proposed to be listed on BSE and NSE.
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.
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* Ratio is calculated based on latest financial & current share price.

About The Company

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Piyush Jhunjhunwala
Piyush Jhunjhunwala
CA, CPA, Ex. PepsiCo, Reckitt, Coty
CEO & Founder
Dubai, UAE.
Rahul Khatuwala
Rahul Khatuwala
Ex. Wipro & Finaco Founder
Bangalore, India.