Ola Electric News

Ola Electric, the biggest of this year, will open for subscription on Friday. Ahead of the listing, the company's shares are trading with a premium of Rs 15 in the unlisted market. Considering the upper price band, the stock is boasting a premium of 20% to the issue price. The IPO is priced in the range of Rs 72-76 per share.

₹6,146 crore at the upper end of its ₹72-76 price band. That would take its valuation to about ₹33,522 crore, or about $4 billion. Ola Electric, India’s largest maker of electric scooters, has demonstrated impressive growth in recent years.

electric two-wheeler makers are preparing for a future without government subsidies amid uncertainty on whether these vehicles will be included in the upcoming third phase of the FAME (faster adoption and manufacturing of electric vehicles) scheme.

Ola Electric on Monday announced the price band of Rs 72-76 for its upcoming initial public offering (IPO) which will open on August 2 and close on August 6. The IPO comprises a fresh issue of shares worth Rs 5,500 crore and an offer for sale (OFS) of 8,49,41,997 shares, according to the draft prospectus. At the upper price band of Rs 76, the OFS would be worth about Rs 645.56 crore.

Crisil report, with products ranging from student education loans to expansion capital for educational institutions in the form of education infrastructure loans.Draft Red Herring Prospectus (DRHP) states that Olive Vine Investment Ltd, a Warburg Pincus affiliate, is the company's promoter. International Finance Corporation and affiliates of Kedaara Capital, Mubadala Investment Company, and Avendus Future are among the institutional shareholders.Also Read: Ola Electric, Emcure Pharmaceuticals get SEBI nod for IPO launchA fresh issuance of equity shares up to ₹1000 crore and an offer for sale (OFS) of up to ₹2500 crore by the "Selling Shareholder" with a face value of ₹5 per equity share make up the public offer, which has a combined total value of ₹3500 crore.The offer for sale includes equity shares from Olive Vine Investment Ltd (Promoter Selling Shareholder) up to ₹1,758 crore; equity shares from International Finance Corporation (Investor Selling Shareholder)up to ₹342 crore; and equity shares from Kedaara Capital Growth Fund III LLP (Investor Selling Shareholder) up to ₹400 crore.Also Read: Stanley Lifestyles IPO hits D-Street today; check GMP, review, and other key details.

₹418.01 crore worth IPO is a combination of fresh issue of 1.6 crore equity shares aggregating to ₹325 crore and offer for sale (OFS) component of 46 lakh shares aggregating to ₹93.01 crore.DEE Development IPO price band has been set at ₹193 to ₹203 per share. The IPO lot size is 73 shares.

Also Read- Allied Blenders and Distillers IPO: Price band fixed at ₹267-281 apiece; check issue details, key dates, moreThe United Cotfab IPO's book running lead manager is Beeline Capital Advisors Pvt Ltd, and the issue's registrar is Purva Sharegistry India Pvt Ltd. Hence investors can check their allotment status on the website of Purva Sharegistry India Pvt Ltd They can also check allotment status on the BSE website .

₹800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and current shareholders.The proceeds of the new issuance will be used to pay off debt and for other company purposes. In the OFS, the selling shareholders are Satish Ramanlal Mehta (up to 1,730,000), Sunil Rajanikant Mehta (up to 40,000), Namita Vikas Thapar (up to 1,408,600), Pushpa Rajnikant Mehta (up to 1,150,000), Bhavana Satish Mehta (up to 531,400), Kamini Sunil Mehta (up to 125,000), BC Investments IV Ltd (up to 7,234,085), Arunkumar Purshotamlal Khanna (up to 300,000), Berjis Minoo Desai (up to 144,642), and Sonali Sanjay Mehta (up to 125,000).The book-running lead managers for the offer are Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan India.

IPO vs QIP shares: Amid the buzz of around ₹30,000 crore money getting raised in the Indian primary market through fresh Initial Public Offerings (IPOs) in the next two months, retail investors are eagerly waiting for the launch of fresh IPOs from the quality business houses like Bajaj Housing Finance, Haldiram, Prestige Estate, Ola Electric, Swiggy, Waree Energy, etc. However, if we go by the expert's opinion, the Indian stock market is preparing for a fresh rally after Modi 3.0 took charge in the centre.

market is likely to see a renewed wave of IPO rush in the next three to four months with the general elections out the way. Data and multiple reports suggest that over 30 companies are ready to hit the market in the few months, aiming to raise over Rs 50,000 crore. Analysts said there are as many as 24 companies planning to launch IPOs worth Rs 30,000 crore.

Sebi's approval for an IPO.

Financial Times in April 2023 itself that he would “100 percent bid for the lithium blocks" a claim he would reiterate in March 2024. Hindalco Industries, Ola Electric, Vedanta Group and Shree Cement were some of the other interested parties. State-run Coal India Ltd, forever looking to diversify beyond coal, also showed interest.

Also Read: IPO Boom: 57% of SME issues saw over 100% subscription in 2024, HOAC Foods leads pack; check top performersAnalysts believe that the rise in IPO activity has been driven by the strong economic development, rising Indian stocks, and consistently exceeding expectations of company earnings, which encourages more companies to go public. The IPO market has benefited greatly as a consequence, and new –age companies like Tata Capital, Hexaware, Ola Electric, and Swiggy are lining up for their 2024–2025 public market debuts.“The primary market witnessed 30 mainboard IPOs till May this year.

IPO rush sets up India’s equity market for another record year“The surge in IPO activity is fuelled by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, IPO market has seen a significant boost, with large corporate houses and new –age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

₹69,999, ₹84,999, and ₹99,999, respectively, with all prices being ex-showroom. These figures reflect a recent price cut by Ola Electric, making the S1 X one of the most competitively priced electric scooters in the Indian market. The 2 kWh battery pack in the S1 X delivers a certified range of 91 km on a single charge, with a full recharge taking 7.4 hours.

best electric scooters in India to explore in 2024: Ola Electric's flagship offering is the Ola S1 Pro model. With an ex-showroom price starting at Rs. 1,29,999, it offers a certified range of 195 km, powered by an 11 kW motor capable of reaching a top speed of 120 km/h.

Ola Cabs IPO: Ride-hailing aggregator Ola Cabs aims to secure $500 million through its initial public offering (IPO), targeting a valuation of approximately $5 billion, news agency Reuters reported on Friday. As stated by sources in the report, Ola plans to submit its IPO papers for approval to the Securities and Exchange Board of India (SEBI) within the next three months. SoftBank-backed Ola is presently in talks with investment banks including Goldman Sachs, Bank of America, Citi, Kotak, and Axis.

initial public offering (IPO) up to $750 million, three people aware of the development said. The company, which competes with Mukesh Ambani's Reliance Retail, Tata Group's Trent and grocery giant Avenue Supermarts, is expected to make its IPO filing by the end of the year, the people said on condition of anonymity. Vishal Mega Mart is owned by Switzerland’s Partners Group and India’s Kedaara Capital.

Ola Electric on Monday reduced the prices of its S1 X range of scooters, as it works to extend its dominance over the electric two-wheeler market. The price of the 4 kilowatt hour (kWh) variant of the S1 X has been reduced from Rs 1,09,999 earlier to Rs 99,999 now, while that of the 3 kWh version has been cut from Rs 89,999 earlier to Rs 84,999 now.

₹350 each, valuing the company at ₹80,000 crore." Previously, according to regulatory filings, US-based asset management company (AMC) Invesco has increased Swiggy's valuation by 19 per cent to $12.7 billion ahead of its anticipated IPO. Invesco had spearheaded a $700 million funding round for the food delivery startup in January 2022, valuing it at $10.7 billion. Also read: Swiggy gears up for IPO: Food aggregator converts to public limited company ahead of IPO, plans to raise $1 billion Following that, Baron Capital, an investor in the company, assessed Swiggy's fair value at $12.2 billion as of March 2024, thereby giving a significant lift to the startup gearing up for its IPO.