OLA Electric Mobility Ltd.

Industry:

Automobile Two & Three Wheelers

Issue Details

  • Open Date

    02 Aug 2024
  • Close Date

    06 Aug 2024
  • Size (in Crs.)

    3535.21

  • Size (Shares)

    -
  • Listing On

    BSE, NSE

Issue Terms

  • Price Range

    -4
  • Lot 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

State

Karnataka

Phone No.

080-35440050

Website

www.olaelectric.com

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

Email

-

Website

-

Fax

2851 2885

Prudent Corporate Advisory Services Ltd.
"Prudent House", Panjrapole Cross Road,
Nr. Polytechnic, Ambawadi,
Ahmedabad - 380 015, Gujarat, India.
For Queries:
[email protected]
1800 419 5051 (Toll Free)
Compliance Officer:
Mrs. Rima Patel
[email protected]
(079) 40209600
Social Media

Prudent Corporate Advisory Services Ltd.(PCAS): Member of NSE & BSE – SEBI Registration No as stock broker: INZ000293634. Member ID : - NSE : 90209, BSE : 6733, CDSL – IN-DP- 477-2020 (DP ID: 12090600), Research Analyst - INH000018115, CIN - L91120GJ2003PLC042458.

Registered Address: Prudent House, Panjrapole Cross Road, Nr. Polytechnic, Ambawadi, Ahmedabad - 380015, Gujarat, India.

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