10 important things for investors to know about Ola Electric’s August 2 IPO opening.

Ola Electric, backed by SoftBank, is set to open its IPO for retail subscriptions on August 2 to raise Rs 5,500 crore, marking India's first EV startup IPO.

Here are 10 key points for investors regarding the Ola Electric IPO, which opens on August 2:

  1. IPO Size: Ola Electric aims to raise ₹5,500 crore through the IPO, which includes a fresh capital component and an offer-for-sale (OFS) by existing shareholders.
  2. IPO Dates: The IPO will open for institutional investors on August 2 and close for retail subscriptions on August 6.
  3. Valuation: The company is expecting a valuation between $4.2 billion and $4.4 billion, which is lower than its previous funding round valuation of $5.4 billion.
  4. Financial Performance: Ola Electric reported revenue of ₹5,009.8 crore in fiscal 2024, a significant increase from ₹2,630.9 crore in fiscal 2023, although it also posted a net loss of ₹1,584.4 crore.
  5. Scooter Sales: The company sold 329,618 scooters in fiscal 2024, up from 156,251 in the previous fiscal year, indicating strong demand for its products.
  6. Market Position: Ola Electric is a leading player in the electric scooter segment in India, which positions it well for future growth.
  7. Use of Proceeds: The funds raised from the IPO will be used for business expansion, including scaling up manufacturing and enhancing product offerings.
  8. Registrar: Link Intime India Private Limited will serve as the registrar for the IPO.
  9. Lead Manager: The IPO will be managed by several financial institutions, ensuring a robust underwriting process.
  10. First EV Startup IPO: This IPO marks a significant milestone as it is the first public offering by an electric vehicle startup in India, highlighting the growing interest in the EV sector.

Investors should consider these points carefully before making investment decisions regarding the Ola Electric IPO.

Here are top the factors behind today’s rally

November 22, 2024 9:21 am

Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday.

At 2 PM, the BSE Sensex was at 78,657, up 1,501 points, or 1.95 per cent, while the Nifty 50 was at 23,793, up 443 points, or 1.9 per cent.

After opening bell, 20 out of the 30 stocks on the BSE Sensex were trading higher, with gains of up to 1.17 per cent, led by SBI, followed by ICICI Bank, Tata Motors, IndusInd Bank, and Tech Mahindra. Among the top drags were Adani Ports & SEZ (down 3.28 per cent), followed by TCS, ITC, Titan, and Nestle India.

Read More »

5 key factors driven the market down

November 21, 2024 10:11 am

A day after snapping their multi-day losing streak, Indian stock market benchmarks- the Sensex and the Nifty 50- resumed their downward march on Thursday, November 21, amid weak global cues.

The domestic market witnessed a broad selloff as mid and small-cap segments also suffered losses.

Read More »