Ola Electric Mobility Limited IPO overview! Issue Size, GMP, Issue Price, and All Details to Know {update}

About Ola Electric Mobility Limited

Ola Electric Mobility Limited, originally incorporated as a private limited company, transformed into a public limited company on October 5, 2023. The company operates from its registered office in Koramangala, Bengaluru, and has a corporate office in the same city. Ola Electric is known for its innovative approach towards electric vehicles and aims to enhance urban mobility through its sustainable solutions.

Ola Electric Mobility Limited IPO Details

• Type: Fresh Issue and Offer for Sale
• Fresh Issue: Up to ₹55,000 million
• Offer for Sale: Up to 84,941,997 equity shares
• Face Value: ₹10 each
• Eligibility and Reservations: The offer is made under Regulation 6(2) of the SEBI ICDR Regulations.

GMP of Ola Electric Mobility Limited

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Promoters

• Bhavish Aggarwal

Financial Information

Particulars	For the year ended 31 March 2024	For the year ended 31 March 2023	For the year ended 31 March 2022
Sale of Finished Products	46,036.13	23,034.11	3,176.74
Sale of Traded Goods	1,059.41	1,775.50	305.43
Sale of Services	884.20	1,195.15	197.76
Total Revenue from Operations	50,098.31	26,309.27	3,734.23
Other Income	2,334.39	1,517.70	828.37
Total Income	52,432.70	27,826.97	4,562.60
Expenses (INR Million)
Cost of Materials Consumed	43,909.05	25,047.92	5,849.34
Purchase of Stock-in-Trade	697.54	1,392.61	561.81
Changes in Inventories	(811.35)	(736.44)	(1,602.15)
Employee Benefits Expense	4,388.68	4,267.25	2,824.80
Other Expenses	14,590.19	8,862.41	4,104.32
Total Expenses	62,774.11	38,833.75	11,738.12
Loss Before Finance Costs, Depreciation, Amortization, and Tax Expense	(10,341.41)	(11,006.78)	(7,175.52)
Finance Costs	1,865.67	1,079.17	176.18
Depreciation and Amortization Expenses	3,576.42	1,670.64	489.80
Loss Before Exceptional Items and Tax	(15,783.50)	(13,756.59)	(7,841.50)
Exceptional Items	60.50	964.20	–
Loss Before Tax	(15,844.00)	(14,720.79)	(7,841.50)
Tax Expense	–	–	–
Loss for the Year	(15,844.00)	(14,720.79)	(7,841.50)
Other Comprehensive (Loss)/Income	(32.09)	4.56	6.69
Total Comprehensive Loss for the Year	(15,876.09)	(14,716.23)	(7,834.81)

Summary of Financial Information

The financial performance of Ola Electric Mobility Limited indicates a consistent growth trajectory, with substantial revenue increments and a focus on expanding its market presence. The company’s innovative strategies and significant investments have poised it for future success in the electric vehicle sector.

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