FREE Account Opening + No Clearing Fees
Loading...

OLA Electric IPO vs Sanstar IPO

Comparision between OLA Electric IPO and Sanstar IPO.

IPO Details

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

Issue Size and Price

The total issue size of OLA Electric IPO is up to ₹6,145.56 Cr whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of OLA Electric IPO is ₹76.00 per share and of Sanstar IPO is ₹95.00 per share.

  OLA Electric IPO Sanstar IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹72.00 per share ₹90.00 per share
Issue Price (Upper) ₹76.00 per share ₹95.00 per share
Issue Price (Final) ₹76.00 per share ₹95.00 per share
Discount (Retail)
Discount (Employee) ₹7.00 per share
Market Lot Size 195 shares 150 shares
Fresh Issue Size 72,36,84,210 shares 4,18,00,000 shares
Fresh Issue Size (Amount) up to ₹5,500.00 Cr up to ₹397.10 Cr
OFS Issue Size 8,49,41,997 shares 1,19,00,000 shares
OFS Issue Size (Amount) up to ₹645.56 Cr up to ₹113.05 Cr
Issue Size Total 80,86,26,207 shares 5,37,00,000 shares
Issue Size Total (Amount) up to ₹6,145.56 Cr up to ₹510.15 Cr

IPO Timetable

OLA Electric IPO opens on Aug 02, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of OLA Electric IPO and Sanstar IPO is Aug 06, 2024, and Jul 23, 2024, respectively.

  OLA Electric IPO Sanstar IPO
Anchor Bid Date Aug 01, 2024 Jul 18, 2024
Issue Open Aug 02, 2024 Jul 19, 2024
Issue Close Aug 06, 2024 Jul 23, 2024
Basis Of Allotment (Tentative) Aug 07, 2024 Jul 24, 2024
Initiation of Refunds (Tentative) Aug 08, 2024 Jul 25, 2024
Credit of Share (Tentative) Aug 08, 2024 Jul 25, 2024
Listing date (Tentative) Aug 09, 2024 Jul 26, 2024
Anchor Lockin End date 1 Sep 06, 2024 Aug 23, 2024
Anchor Lockin End date 2 Nov 05, 2024 Oct 22, 2024

Financials

OLA Electric IPO P/E ratio is -17.69, as compared to Sanstar IPO P/E ratio of 19.98.

  OLA Electric IPO Sanstar IPO
Financial

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

Sanstar Limited Financial Information (Restated Consolidated)

Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets527.57368.35207.45
Revenue1,081.681,209.67504.77
Profit After Tax66.7741.8115.92
Net Worth215.91149.2848.97
Reserves and Surplus225.18158.4155.69
Total Borrowing127.64111.7085.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 85.77% 99.77%
Promoter Shareholding (Post-Issue) 70.37%
P/E Ratio -17.69 19.98
Market Cap ₹33521.75 Cr. ₹1731.32 Cr.
ROE 30.92%%
ROCE 24.43%%
Debt/Equity 0.5
EPS ₹-4.30 ₹4.75
RoNW -78.46%% 30.92%%

Shares Offered

In the OLA Electric IPO retail investors (RII) are offered 8,07,90,252 shares while in Sanstar IPO retail investors are offered 8,07,90,252 shares. Qualified institutional buyers (QIB) are offered 24,23,70,750 shares in OLA Electric IPO and 1,07,40,000 shares in Sanstar IPO.

  OLA Electric IPO Sanstar IPO
Anchor Investor Reserveration 36,35,56,135 shares 1,61,10,000 shares
Market Maker Reserveration
QIB 24,23,70,750 shares 1,07,40,000 shares
NII 12,11,85,387 shares 80,55,000 shares
RII 8,07,90,252 shares 1,87,95,000 shares
Employee 7,97,101 shares 0 shares
Others
Total 44,51,43,490 shares 3,75,90,000 shares

Bids Received (Subscription)

OLA Electric IPO subscribed 4.45x in total, whereas Sanstar IPO subscribed 82.99x.

  OLA Electric IPO Sanstar IPO
QIB (times) 5.53x 145.68x
NII (times) 2.51x 136.49x
Big NII (times) 2.75x 149.44x
Small NII (times) 2.03x 110.61x
RII (times) 4.05x 24.23x
Employee (times) 12.38x
Other (times)
Total (times) 4.45x 82.99x

Comments

Add a public comment...