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Aasaan Loans IPO vs OLA Electric IPO

Comparision between Aasaan Loans IPO and OLA Electric IPO.

IPO Details

Aasaan Loans IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while OLA Electric IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the OLA Electric IPO is up to ₹6,145.56 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of OLA Electric IPO is ₹76.00 per share.

  Aasaan Loans IPO OLA Electric IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹114.00 per share ₹72.00 per share
Issue Price (Upper) ₹120.00 per share ₹76.00 per share
Issue Price (Final) ₹120.00 per share ₹76.00 per share
Discount (Retail)
Discount (Employee) ₹7.00 per share
Market Lot Size 125 shares 195 shares
Fresh Issue Size 1,10,00,000 shares 72,36,84,210 shares
Fresh Issue Size (Amount) up to ₹132.00 Cr up to ₹5,500.00 Cr
OFS Issue Size 8,49,41,997 shares
OFS Issue Size (Amount) up to ₹645.56 Cr
Issue Size Total 1,10,00,000 shares 80,86,26,207 shares
Issue Size Total (Amount) up to ₹132.00 Cr up to ₹6,145.56 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while OLA Electric IPO opens on Aug 02, 2024. The closing date of Aasaan Loans IPO and OLA Electric IPO is Jun 21, 2024, and Aug 06, 2024, respectively.

  Aasaan Loans IPO OLA Electric IPO
Anchor Bid Date Jun 18, 2024 Aug 01, 2024
Issue Open Jun 19, 2024 Aug 02, 2024
Issue Close Jun 21, 2024 Aug 06, 2024
Basis Of Allotment (Tentative) Jun 24, 2024 Aug 07, 2024
Initiation of Refunds (Tentative) Jun 25, 2024 Aug 08, 2024
Credit of Share (Tentative) Jun 25, 2024 Aug 08, 2024
Listing date (Tentative) Jun 26, 2024 Aug 09, 2024
Anchor Lockin End date 1 Jul 24, 2024 Sep 06, 2024
Anchor Lockin End date 2 Sep 22, 2024 Nov 05, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to OLA Electric IPO P/E ratio of -17.69.

  Aasaan Loans IPO OLA Electric IPO
Financial

Akme Fintrade India Ltd Financial Information (Restated)

Akme Fintrade India Ltd's revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets417.96390.50374.01455.40
Revenue53.4569.5767.5086.79
Profit After Tax12.2515.804.1216.31
Net Worth217.01204.78136.84130.26
Reserves and Surplus185.34173.11115.03108.45
Total Borrowing195.19177.76230.06317.82
Amount in ₹ Crore

Ola Electric Mobility Limited Financial Information (Restated Consolidated)

Ola Electric Mobility Limited's revenue increased by 88.42% and profit after tax (PAT) dropped by -7.63% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets7,735.415,573.175,395.862,112.64
Revenue5,243.272,782.70456.26106.08
Profit After Tax-1,584.40-1,472.08-784.15-199.23
Net Worth2,019.342,356.443,661.451,970.62
Reserves and Surplus-2,882.54-1,380.03-68.831,999.30
Total Borrowing2,389.211,645.75750.4138.87
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 56.01% 85.77%
Promoter Shareholding (Post-Issue)
P/E Ratio -17.69
Market Cap ₹33521.75 Cr.
ROE 5.64%%
ROCE
Debt/Equity 2.49
EPS ₹3.87 ₹-4.30
RoNW 5.81%% -78.46%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in OLA Electric IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 24,23,70,750 shares in OLA Electric IPO.

  Aasaan Loans IPO OLA Electric IPO
Anchor Investor Reserveration 31,35,000 shares 36,35,56,135 shares
Market Maker Reserveration
QIB 20,90,000 shares 24,23,70,750 shares
NII 15,67,500 shares 12,11,85,387 shares
RII 36,57,500 shares 8,07,90,252 shares
Employee 5,50,000 shares 7,97,101 shares
Others
Total 78,65,000 shares 44,51,43,490 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas OLA Electric IPO subscribed 4.45x.

  Aasaan Loans IPO OLA Electric IPO
QIB (times) 28.12x 5.53x
NII (times) 129.98x 2.51x
Big NII (times) 121.56x 2.75x
Small NII (times) 146.83x 2.03x
RII (times) 44.58x 4.05x
Employee (times) 5.42x 12.38x
Other (times)
Total (times) 54.49x 4.45x

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