[Puntoo]

Originally Posted by Samarth 619

But Ola looks to me like the next bubble with a short age.

According to my friends who are in market are also echoing the same and advising our friends not to go for any IPO now. Ola and Hyundai are planning to milk from people in the heated market.

Originally Posted by bijims

Finally, Ola is in for the IPO, It will be the first of an all-electric 2-wheeler player and should most likely be followed by Ather as well.

Mostly Ather will be swallowed by Hero group as they own more that 40% of Ather.

[cryptarchy]

Run for your life, save yourself. Also check your mutual fund holdings, check if they are buying the IPO. You may avoid directly investing in the IPO, but may be forced indirectly by the mutual fund houses. At least, that is what I noticed after Paytm IPO and pulled my money out of those fund houses.

[volkman10]

Domestic investors, including SBI AMC, HDFC AMC, Nippon Life India AMC and UTI AMC will bid about USD 200 million each, while international ones such as Fidelity, Nomura and Norway's Norges Bank will bid in the range of USD 75-100 million each.

The maximum that an investor would be allowed is around USD 30 million.


Link:

[bijims]

Originally Posted by Puntoo

Mostly Ather will be swallowed by Hero group as they own more that 40% of Ather.

I think that is what is going to be the best for them, Hero should pick up a 51% stake in Ather, and make it its subsidiary while retaining it as a separate brand within the group with their separate showrooms, the Vida line should be slowly merged into the Ather portfolio and together it should be a win-win for all. With Hero and Ather teaming up, I see Ather cementing its place among the top 3 electric two-wheelers perhaps even bringing the fight to Ola as well if they strategize the next generation of the 450 series well.

[SmartCat]

For now, it makes more sense for Hero to keep Ather separate. Because R&D and product development can be palmed off to greedy/gullible investors,

[inner_roadster]

OLA Electric IPO opens for subscription on August 2, 2024, would be first in the auto sector in India after a decade. The last IPO to come in this sector was in 2003 by Maruti Suzuki’s (then Maruti Udyog). The OLA IPO issue is of Rs 6,145.56 crores with a combination of a fresh issue of Rs 5,500.00 crores and an offer for sale of shares by the existing promoter for Rs 645.56 crores.

OLA Electric IPO Objectives
The company proposes to utilize the Net Proceeds towards funding the following objects:
1. Capital expenditure to be incurred by its Subsidiary, OCT for expansion of the capacity of its cell manufacturing plant from 5GWh to 6.4 GWh, classified as phase 2 under the expansion plan(the "Project");
2. Repayment or pre-payment, in full or part, of the indebtedness incurred by its Subsidiary, OET;
3. Investment into research and product development;
4. Expenditure to be incurred for organic growth initiatives; and General corporate purposes.

All the above information is as per the Draft Red Herring Prospectus (DRHP) filed by Ola Electric Mobility Limited.

Source : https://www.chittorgarh.com/ipo/ola-electric-ipo/1765/

[souravdas808]

Originally Posted by Puntoo

According to my friends who are in market are also echoing the same and advising our friends not to go for any IPO now. Ola and Hyundai are planning to milk from people in the heated market.



Mostly Ather will be swallowed by Hero group as they own more that 40% of Ather.

Ather has converted itself to Public Limited company and preparing for IPO.

[neith]

MapMyIndia accuses Ola Electric of copying data.
Source: Indian Express 30th July 2024

[PreludeSH]

Despite all the shortcomings, I think Ola will move forward with products having good sales. CEO might be arrogant and not really innovating but he is taking the risk which I would support. There might be some good money to be made just like any stock. Also, we need jobs.

[volkman10]

India's largest electric two-wheeler maker Ola Electric Mobility Ltd opened the subscription for its initial public offering (IPO) and the issue was subscribed 0.35 times on the first day. A total of 16.3 crore bids were received for 46.5 crore shares offered.

The portion reserved for qualified institutional buyers got 1.4 lakh bids, against 25.2 crore shares offered. The non-institutional investor part was subscribed 20% with 2.6 crore bids for 12.7 crore shares offered.

However, the portion set aside for retail investors was subscribed 1.57 times with 13.3 crore bids for 8.5 crore shares. The employee portion was subscribed 4.88 times with 41.3 lakh bids for 8.5 lakh shares.

The issue will close on August 6. On Thursday, Ola Electric raised Rs 2,763 crore from anchor investors. It allotted 36.36 lakh equity shares to over 80 domestic and foreign funds at Rs 76 apiece.

Link:

[volkman10]

OLA Electric share will be listed in the 'B' group of securities.

Ola Electric shares make a muted debut as stock lists flat at ₹76 on NSE

Ola Electric shares were listed at ₹76 apiece on the NSE as against its issue price of ₹76 per share.

On BSE, Ola Electric shares were listed with a discount of 0.01% at ₹75.99 apiece.