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ixigo IPO vs OLA Electric IPO

Comparision between ixigo IPO and OLA Electric IPO.

IPO Details

ixigo 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 ixigo IPO is up to ₹740.10 Cr whereas the issue size of the OLA Electric IPO is up to ₹6,145.56 Cr. The final issue price of ixigo IPO is ₹93.00 per share and of OLA Electric IPO is ₹76.00 per share.

  ixigo IPO OLA Electric IPO
Face Value ₹1 per share ₹10 per share
Issue Price (Lower) ₹88.00 per share ₹72.00 per share
Issue Price (Upper) ₹93.00 per share ₹76.00 per share
Issue Price (Final) ₹93.00 per share ₹76.00 per share
Discount (Retail)
Discount (Employee) ₹7.00 per share
Market Lot Size 161 shares 195 shares
Fresh Issue Size 1,29,03,226 shares 72,36,84,210 shares
Fresh Issue Size (Amount) up to ₹120.00 Cr up to ₹5,500.00 Cr
OFS Issue Size 6,66,77,674 shares 8,49,41,997 shares
OFS Issue Size (Amount) up to ₹620.10 Cr up to ₹645.56 Cr
Issue Size Total 7,95,80,900 shares 80,86,26,207 shares
Issue Size Total (Amount) up to ₹740.10 Cr up to ₹6,145.56 Cr

IPO Timetable

ixigo IPO opens on Jun 10, 2024, while OLA Electric IPO opens on Aug 02, 2024. The closing date of ixigo IPO and OLA Electric IPO is Jun 12, 2024, and Aug 06, 2024, respectively.

  ixigo IPO OLA Electric IPO
Anchor Bid Date Jun 07, 2024 Aug 01, 2024
Issue Open Jun 10, 2024 Aug 02, 2024
Issue Close Jun 12, 2024 Aug 06, 2024
Basis Of Allotment (Tentative) Jun 13, 2024 Aug 07, 2024
Initiation of Refunds (Tentative) Jun 14, 2024 Aug 08, 2024
Credit of Share (Tentative) Jun 14, 2024 Aug 08, 2024
Listing date (Tentative) Jun 18, 2024 Aug 09, 2024
Anchor Lockin End date 1 Jul 13, 2024 Sep 06, 2024
Anchor Lockin End date 2 Sep 11, 2024 Nov 05, 2024

Financials

ixigo IPO P/E ratio is 148.87, as compared to OLA Electric IPO P/E ratio of -17.69.

  ixigo IPO OLA Electric IPO
Financial

Le Travenues Technology Limited Financial Information (Restated Consolidated)

Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets678.71585.93538.47185.07
Revenue497.10517.57384.94138.41
Profit After Tax65.7123.40-21.097.53
Net Worth437.13373.76342.6929.94
Reserves and Surplus399.83334.17303.22-212.60
Total Borrowing43.360.542.7314.94
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) 85.77%
Promoter Shareholding (Post-Issue)
P/E Ratio 148.87 -17.69
Market Cap ₹3603.04 Cr. ₹33521.75 Cr.
ROE
ROCE
Debt/Equity
EPS ₹0.62 ₹-4.30
RoNW 15.26%% -78.46%%

Shares Offered

In the ixigo IPO retail investors (RII) are offered 79,58,089 shares while in OLA Electric IPO retail investors are offered 79,58,089 shares. Qualified institutional buyers (QIB) are offered 2,38,74,271 shares in ixigo IPO and 24,23,70,750 shares in OLA Electric IPO.

  ixigo IPO OLA Electric IPO
Anchor Investor Reserveration 3,58,11,405 shares 36,35,56,135 shares
Market Maker Reserveration
QIB 2,38,74,271 shares 24,23,70,750 shares
NII 1,19,37,134 shares 12,11,85,387 shares
RII 79,58,089 shares 8,07,90,252 shares
Employee 0 shares 7,97,101 shares
Others
Total 4,37,69,494 shares 44,51,43,490 shares

Bids Received (Subscription)

ixigo IPO subscribed 98.10x in total, whereas OLA Electric IPO subscribed 4.45x.

  ixigo IPO OLA Electric IPO
QIB (times) 106.73x 5.53x
NII (times) 110.25x 2.51x
Big NII (times) 117.40x 2.75x
Small NII (times) 95.95x 2.03x
RII (times) 53.95x 4.05x
Employee (times) 12.38x
Other (times)
Total (times) 98.10x 4.45x

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