31 Mar 2021
Assets2,112.64
Total Income106.08
Profit After Tax-199.23
NET Worth1,970.62
Reserves and Surplus1,999.30
Total Borrowing38.87
At a glance
Updated 2026-09-13OLA Electric is a Mainboard IPO with an issue size of ₹6,145.56 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹5,500.06 crore and an offer-for-sale component of ₹645.50 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹6,145.56 Cr
Fresh issue₹5,500.06 Cr
Offer for sale₹645.50 Cr
Face value₹10
Price band₹72.00–₹76.00
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listing₹73.00
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital expenditure to be incurred by our Subsidiary, OCT for the Project | ₹1,227.64 Cr |
| Repayment or pre-payment, in full or part, of the indebtedness incurred by our Subsidiary, OET | ₹800.00 Cr |
| Investment into research and product development | ₹1,600.00 Cr |
| Expenditure to be incurred for organic growth initiatives | ₹350.00 Cr |
| General corporate purposes | ₹1,297.42 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue5,243.27₹ Cr · +88.4% vs prior year
PAT-1,584.40₹ Cr · -7.6% vs prior year
Assets7,735.41₹ Cr · +38.8% vs prior year
Net Worth2,019.34₹ Cr · -14.3% vs prior year
Borrowing2,389.21₹ Cr · +45.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets5,395.86
Total Income456.26
Profit After Tax-784.15
NET Worth3,661.45
Reserves and Surplus-68.83
Total Borrowing750.41
31 Mar 2023
Assets5,573.17
Total Income2,782.70
Profit After Tax-1,472.08
NET Worth2,356.44
Reserves and Surplus-1,380.03
Total Borrowing1,645.75
31 Mar 2024
Assets7,735.41
Total Income5,243.27
Profit After Tax-1,584.40
NET Worth2,019.34
Reserves and Surplus-2,882.54
Total Borrowing2,389.21
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| RoNW | -78.46% |
| Price to Book Value | 13.72 |
Valuation & shareholding
Pre-IPO EPS-4.30
Post-IPO EPS-ve
Pre-IPO P/E-17.69
Post-IPO P/E-ve
Promoter holding pre45.14%
Promoter holding post36.78%
Market cap₹33521.75 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Ola Electric Mobility IPO | — | - | — | — |
| Ather Energy IPO | — | -15.52 x | — | — |
| Hyundai Motor IPO | — | 26.73 x | — | — |
| Kross Limited IPO | — | 34.50 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLM's fees (including brokerage and selling commission) | ₹145.04 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹5.38 Cr |
| Fees payable to Registrar to the Offer | ₹0.25 Cr |
| Fees payable to the other parties to the Offer | ₹27.07 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹15.70 Cr |
| Printing and stationery | ₹3.76 Cr |
| Advertising and marketing expenses | ₹5.53 Cr |
| Fee payable to legal counsels | ₹24.26 Cr |
| Miscellaneous | ₹24.36 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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