00:00The IPO that investors have been waiting for a long time is finally going to open this week.
00:11Yes, you are right. We are talking about the IPO of two-wheeler EV company Ola Electric.
00:18Namaskar, I am Digvijay Singh. Welcome to Good Returns.
00:23Bhavish Agrawal's company Ola Electric's IPO will open on 2nd August for retail investors.
00:29The last date for bidding will be 6th August.
00:33So, let's know all the details from the price band of the IPO.
00:38Ola Electric's planning is to raise Rs. 6146 crore through the IPO.
00:44Fresh issues will be issued for Rs. 5500 crore.
00:48For the remaining amount, 8.49 crore shares will be issued in Offer for Sale i.e. OFS.
00:55Promoters and current investors will sell shares in OFS.
00:59Company's founder Bhavish Agrawal will issue 3.89 crore shares in OFS.
01:05The company has around 45.14% stake in OFS.
01:11Apart from Bhavish Agrawal, current investors will also sell shares.
01:15The price band for the IPO is Rs. 72 to Rs. 76 per share.
01:21Retail investors will have to bid for at least one lot in which they will get 195 shares.
01:27For this, Rs. 14,820 will have to be paid.
01:32This is the country's first two-wheeler EV company which will be listed on BSE and NSE.
01:40Ola Electric had filed DRHP with market regulator SEBI on 22nd December last year.
01:48It was approved last month.
01:50Kotak Mahindra Capital, Goldman Sachs, Axis Capital, ICICI Securities, Bofa Securities,
01:58Citi, Bank of Baroda Capitals and SBI Capitals are working as investment banks for the IPO.
02:05Some shares have been reserved for employees in Ola Electric IPO.
02:09Accordingly, up to Rs. 5.5 crore shares have been reserved for employees.
02:1575% of the shares will be reserved for QIBs.
02:2015% for NIIs and 10% for retail investors.
02:27Ola Electric is a company that makes electric vehicles.
02:31Apart from this, it also makes some core EV companies.
02:34Accordingly, Ola Future Factory also makes battery packs, EV motors and vehicle frames.
02:41Out of the total amount collected from the IPO, Rs. 1600 crore will be used on R&D.
02:47To expand the cell manufacturing plant, the company will spend Rs. 1226 crore.
02:53Then, Rs. 800 crore will be spent for the loan.
02:56According to figures of 15th June 2024,
03:00Ola Electric has a total loan of Rs. 996.67 crore.
03:05The expense of Rs. 350 crore will be to increase the business through organic growth.
03:10The remaining amount will be used for normal corporate use.
03:15Before leaving, know the most important thing related to the IPO.
03:19The share allotment will be on 7th August.
03:22Then, the stock listing will be on 9th August on NSE and BSE.
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