OLA Electric Mobility Ltd.
Industry:
Automobile Two & Three Wheelers
Issue Details
Open Date
02 Aug 2024Close Date
06 Aug 2024Size (in Crs.)
3535.21
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-4Lot Size
195
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
1. Capital expenditure to be incurred by our Subsidiary, OCT for expansion of the capacity of our cell manufacturing plantfrom 5 GWh to 6.4 GWh, classified as phase 2 under the expansion plan (the “Project”);2. Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET;3. Investment into research and product development;4. Expenditure to be incurred for organic growth initiatives; and5. General corporate purposes.
Description
We are a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs andEV components, including cells. We manufacture EVs and certain core EV components like battery packs, motors and vehicleframes at the Ola Futurefactory. Our business focuses on capturing the opportunity arising out of electrification of mobility inIndia and we also seek opportunities to export our EVs in select international markets in the future. We have delivered fourproducts and addit... Show More
Address
Wing C, Prestige Rmz Startech , Hosur Road, Municipal Ward No.67, Municipal No. 140 , Industrial Layout, Koramangala
Bengaluru
560095
Promoter Holding
Promoters:
Bhavish Aggarwal
Total Share Capital
3109636366
Offered to Public
808626207
% Promoter's Holding (Pre-Issue)
84.35
% Promoter's Holding (Post-Issue)
36.78
Shares on offer
Total Share Offer
3109636366
Of above offred to public
808626207
Post Issue shares
NA
Post Issue Promoters
36.78
Lead Managers to the Issue:
Axis Capital Ltd., BOB Capital Markets Ltd, BofA Securities India Ltd., Citigroup Global Markets India Pvt Ltd., Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Co Ltd, SBI Capital Markets Ltd
Registrar Details
Registrar Name:
MUFG Intime India Pvt Ltd.
Address
C 101, 247 Park , L B S Marg , Vikhroli (West) , Mumbai
400083
Phone No.
2851 5606/ 2851 5644
-
Website
-
Fax
2851 2885