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Ola Electric is one of the first of its kind of electric vehicles (EVs) in the two-wheeler segment maker is now involved in manufacturing the EVs and core EV components, including cells. Apart from producing two-wheeler EVs, it is also producing certain core EV components like making battery packs and motors at Ola Future factory, at its manufacturing facility.
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Ola Electric IPO Details: Launch Date, Share Price, Issue Size, GMP & Review Ola Electric is one of the first of its kind of electric vehicles (EVs) in the two-wheeler segment maker is now involved in manufacturing the EVs and core EV components, including cells. Apart from producing two-wheeler EVs, it is also producing certain core EV components like making battery packs and motors at Ola Future factory, at its manufacturing facility. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs
Ola Electric IPO Objectives As per the filed draft red herring prospectus (DRHP) document, the company is looking to raise Rs 5500 crore through a fresh issue of shares. As per the latest financial reporting, Ola Electric has total borrowings or debt of Rs1,617 crore in FY24. Hence, one of the main objectives of Ola Electric's IPO is to raise funds from proceeds to reduce its debts and repay loans owed by subsidiaries from banks. However, part of the issue will also be used for capex expenditure and various other purposes. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs
Ola Electric Financial Performance Ola Electric started its operations in 2021, and in FY21 company reported revenue of only Rs86.4 lakhs, but thanks to exceptional growth due to strong demand for its products in the market, the company achieved a revenue of Rs 2630.93 crore in FY23. In the first three months of FY24, the revenue of the company touched to Rs 1242.74 crore. Read More STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs
Ola Electric IPO Promoters & Shareholding of the Company Bhavish Aggarwal is the main promoter of Ola Electric Mobility Limited holding a 36.94% stake in the company. He is also the founder and chief executive officer of the company and will be offloading 4.7 Cr equity shares through this IPO (50% of the total OFS). Other members of the promoter's group are ANI Technologies Private Limited and Indus Trust which hold 4.35% and 3.85% stakes respectively in the company. Similarly, there are other shareholders and investors in the company selling their holdings. And to know about other investors and selling shareholders' details check the table given below. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs
Why Invest in Ola Electric IPO? Just like investing in other companies, while investing in Ola Electric IPO you need to consider various factors, that will help you know its strength, weakness and growth potential of company with the risks that it can face while operating its business. Simply perform the fundamental analysis, to analyse the various factors like industry overview, company market share, its future growth plans and how it will boost its sales and enhance the valuation of the company's market value and its shareholders. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs
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