Charge up your portfolio with OLA Electric Mobility IPO

Ola Electric Mobility Limited is set to make a grand entrance into the stock market with its highly anticipated Initial Public Offering (IPO). The company, a pioneer in the Indian electric two-wheeler segment, has been gaining significant traction with its innovative products and aggressive expansion plans.??

You can seamlessly buy the upcoming Ola Electric IPO using the HDFC Sky One-Click IPO feature which allows you to apply for the IPO directly through your existing UPI account, making the process quick and convenient.?

8 Reasons to Invest in the Upcoming Ola Electric IPO?

1. First-mover advantage: Ola Electric is a pioneer in the Indian electric two-wheeler market, enjoying a significant first-mover advantage.?
2. Strong brand recognition: The Ola brand is already well-established in India, thanks to its successful ride-hailing business.?
3. Government support: The Indian government is actively promoting electric vehicles, which bodes well for the EV industry and Ola Electric.?
4. Rapid growth: Ola Electric has witnessed impressive growth since its inception, with a strong sales record and expanding product portfolio.?
5. Focus on research and development: The company invests heavily in R&D to stay ahead of the competition and introduce innovative products.?
6. Diversified product range: Ola Electric offers a variety of electric two-wheelers to cater to different customer segments.?
7. Expanding distribution network: The company is rapidly expanding its distribution network across India to reach a wider customer base.?
8. Global ambitions: Ola Electric has expressed its intention to expand its operations globally, which could lead to significant growth opportunities.?

About Ola Electric?

Ola Electric Mobility Limited is an Indian electric vehicle (EV) manufacturer. The company was founded in 2017 and has since launched a range of electric scooters, including the Ola S1, Ola S1 Pro, and Ola S1 Air. Ola Electric is focused on developing and manufacturing affordable, high-quality electric vehicles for the Indian market.?

As of October 31, 2023, the company operates its omnichannel distribution network across India, comprising 870 experience centers and 431 service centers (including 429 service centers in experience centers), in addition to the Ola Electric website.?

Key Details of the Ola Electric IPO?

• IPO Date: August 2, 2024 to August 6, 2024?
• Price Band: ?72 to ?76 per share?
• Lot Size: 195 Shares?
• Total Issue Size: 808,626,207 shares (aggregating up to ?6,145.56 Cr)?
• Fresh Issue: 723,684,210 shares (aggregating up to ?5,500.00 Cr)?
• Offer for Sale: 84,941,997 shares of ?10 (aggregating up to ?645.56 Cr)?

Financials of Ola Electric?

Ola Electric has demonstrated robust financial performance in the fiscal year 2024 (FY24). The company reported a revenue of Rs. 5,243.27 crores, showcasing substantial growth compared to the previous year. This is underpinned by strong sales and a rapidly expanding customer base. Here is a brief overview of their financials for FY24:?

• Revenue: Rs. 5,243.27 crores?

• Net Worth: Rs. 2,019.34 crores?

• Total Borrowing: Rs. 2,389.21 crores?

Objectives of the Ola Electric IPO?

The primary objectives of the Ola Electric IPO are:

• Capital expenditure to be incurred by its Subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from 5GWh to 6.4 GWh, classified as phase 2 under the expansion plan (the "Project");?
• Repayment or pre-payment, in full or part, of the indebtedness incurred by its Subsidiary, OET;?
• Investment into research and product development;?
• Expenditure to be incurred for organic growth initiatives; and?
• General corporate purposes.?

Conclusion?

Ola Electric's strong brand recognition, rapid growth, and focus on innovation make it a compelling investment proposition. The company's first-mover advantage in the Indian electric two-wheeler market and the government's support for the EV sector further enhance its prospects.?

The HDFC SKY app's One-Click IPO feature makes investing in this IPO straightforward and efficient, leveraging your existing UPI account. Investors seeking to benefit from the EV revolution should consider adding Ola Electric to their investment portfolios.?