Ola IPO - Details

The following chart specifies the other details of this initial offer:

Issue Type

Book Built

Listing at

NSE and BSE

IPO Price Band

To be updated

Face Value

To be updated

Market Lot

To be updated

Minimum Order Quantity

To be updated

Issue Type

Book Built

Listing at

NSE and BSE

IPO Price Band

To be updated

Face Value

To be updated

Market Lot

To be updated

Minimum Order Quantity

To be updated

Listing at NSE, BSE

Important Dates for Ola IPO

IPO Opening on To be updated
IPO Closing on To be updated
Basis of Allotment Publication Date To be updated
Credit of the Shares to Demat Account To be updated
Initiation of Refund To be updated
Minimum Order Quantity To be updated

View all upcoming IPOs

About Ani Technologies Private Ltd (Ola)

Founded in 2010, Ola is the biggest mobility platform in India. It is one of the greatest ride-hailing entities in the world, operating in over 250 cities across the UK, New Zealand, Australia and India. The recognised Ola app facilitates mobility services by offering a variety of vehicles such as cabs, metered taxis, auto-rickshaws and bikes. With its transparency and convenience, this company has a large customer base and more than 1.5 million empowered driver-partners.

The headquarter of Ola is located in Bangalore, with Ankit Bhati and Bhavish Aggarwal as its founders. Through data sciences and engineering, the platform ensures a steady back-end system and offers a comfortable experience to the driver-partners and riders. Ola now plans to float its initial public offering to reach greater heights.

Objectives of Ola IPO

Ola wishes to utilise the proceeds from the pubic issue in the following manner:

  • To be updated

  • To be updated

Why Should You Invest in Ola IPO?

Following are the advantages based on which an individual can invest in the public offering of this cab aggregator:

  • Ola has emerged as a successful platform with over 1 billion rides served each year.

  • It also includes Ola Electric (the electric-vehicle arm) and Ola Fleet Technologies (the biggest fleet management business in India).

  • Ola Skilling focuses on ensuring livelihood opportunities for the youth in India.

  • It has acquired Ridlr, a leading ticketing and public transport commuting app in the country.

  • Further, it has invested in Vogo, which offers keyless scooter and bike rentals across Hyderabad and Bangalore.

  • It also extends its customer offerings such as credit led payments and micro-insurance via Ola Financial Services.

  • Under Ola Foods, it offers a variety of food brands via the biggest network of kitchens in India.

Financial Highlights

Go through the financial profile of Ola before making the investment decision:

Financial Year Total Assets Total Revenue Profit After Tax
FY 2021 To be updated To be updated To be updated
FY 2020 To be updated To be updated To be updated
FY 2019 To be updated To be updated To be updated

How to Apply for Ola IPO?

Avid investors can participate in the offering of Ola through the following ways:

UPI

An existing investor can also place his or her bid for the offer of Ola through a UPI ID. Initially, the investor needs to link his or her UPI ID to the bank account. Thereafter, he or she can link the Angel One app or portal to that UPI ID.

Once this procedure is complete, the UPI button from the Angel One portal or app will enable the investor to apply for the public issue of Ola. Further, it is possible to block the subscription amount of this IPO using the UPI app.

Demat Account

A new investor can apply for the public offer of Ola using a Demat account. He or she can create a Demat account without paying anything through the Angel One app or portal. After that, he or she can easily place bids for this IPO by signing in to the Demat account.

Investors who are already using Angel One may click here to participate in the public issue of Ola.

Ola IPO – Noteworthy Highlights

Following are the intrinsic aspects of this platform that investors should know about:

  • More than 7,000 employees work in Ola, facilitating the best service and technology to the consumers.

  • Ola Play is the first connected car platform in the world. It offers a selection of personalised content, advanced car controls, and an interactive experience for the customers.

  • At Ola Futurefactory, it manufactures advanced electric two-wheelers. The company has started delivering its e-scooters, namely Ola S1 Pro and S1.

  • Additionally, this firm operates its auto retail platform through Ola Cars.

Ola IPO SWOT Analysis

Strength

    • Ola has the first-mover advantage in India as a cab aggregator.

    • Several rounds of venture capital investments make the platform financially strong.

    • Online application and rapid expansion enhance the business of this company.

    • Acquiring TaxiForSure has improved the brand value of Ola.

    • Users are highly aware of this platform as a result of print media and online as well as TV marketing.

    • Through strong data analytics, Ola accurately balances the demand and supply of cars in any area.

    • With a dynamic pricing model, this company rates the rides as per their demand in a specific area or in terms of unfavourable weather conditions.

    • This company involves a low investment as it does not need to maintain a large number of cars to operate its business. Drivers from an area collaborate with Ola to serve the consumers. As a result,there is always a cash surplus.

Weakness

    • The business model of Ola makes it difficult to control the cab drivers. Drivers play a crucial role in creating the brand image. If a driver misbehaves with the consumers, it will sabotage the reputation of this firm.

    • Often, drivers ask users to book fake Ola rides in order to raise their ride counts each day. This causes a revenue loss since the drivers are receiving payments for nothing.

    • Consumers complain about the support facilities that this taxi service offers.

    • People need an internet connection to book rides. Since connectivity is a problem in India, sometimes consumers face issues while booking a ride with Ola.

Opportunity

    • Ola aims to target non-tech-savvy consumers through its offline booking services. This will help to increase the consumer base of this company.

    • Government initiatives of enhancing internet connectivity in remote areas and making Smart cities can benefit Ola. The platform can focus on such areas and extend its services to Tier II and III cities.

    • It plans to establish Futurefactory as the greatest scooter-manufacturing hub in the world, with 10 million units as the yearly production capacity.

Threats

    • There is no clarity in the government regulations concerning the taxi service sector. The changing regulations and rules continuously threaten taxi providers.

    • Ola faces tough competition from Uber and other local emerging platforms.

Competitive Analysis: Market Peers

At present, Uber is a major competitor of Ola in the Indian market. The chart below compares the profiles of the two leading cab providers:

Name of the Company

Revenue

Gross Transaction Value

Monthly Downloads

Employee Strength

Ola

To be updated

To be updated

To be updated

To be updated

Uber

To be updated

To be updated

To be updated

To be updated

Frequently Asked Question

What is the operating profit for Ola for 2020-21?

In 2020-21, the standalone operating profit for Ola was Rs. 89.82 crores.

Has Ola obtained any Term Loan B in 2021?

Ola fetched $ 500 millions via a TLB (Term Loan B) in December 2021. It has obtained the amount from marquee institutional investors.

What is the operating revenue of Ola in FY 21?

The operating revenue of Ola in FY 21 is Rs. 689.6 crores, marking a 65% drop from FY 20. This is because the COVID-19 pandemic brought about nationwide lockdowns that affected travel.

Did Ola raise funds from Edelweiss?

Yes, Ola has raised $ 139 millions from entities such as Edelweiss, Atul DP Family Trust, Alka DP Family Trust, Vicco Laboratories, Hero Enterprise, Tejal Merchantile, IIFL and Siddhant Partners.

Where is Ola Futurefactory located?

Ola Futurefactory is located in Krishnagiri, Tamil Nadu. This facility focuses on producing an e-scooter every 2 seconds.

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