Ola Electric IPO GMP soars: 

Opens on August 2, 2024 Aims to raise Rs 5,500 crore Price band: Rs 72-76 per share Lot size: 195 shares

IPO Details

Leading EV market player in India 35% market share in electric two-wheeler segment Focused on vertically integrated EV technology and manufacturing

Company Overview

FY24 revenue: Rs 5009.83 crore (nearly doubled from FY23) FY24 loss: Rs 1584.44 crore (widened from FY23)

Financial Highlights

Repay debt Expand gigafactory Fund organic growth and R&D

IPO Objectives

GMP of Rs 15-16 (20-21% at upper price band)

Grey Market Premium

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Brokerage Recommendations

Market leader in growing EV sector Potential for future growth and market expansion Concerns about current valuation and profitability

Key Considerations