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OLA Electric IPO vs Vraj Iron and Steel IPO

Comparision between OLA Electric IPO and Vraj Iron and Steel IPO.

IPO Details

OLA Electric IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel 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 Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of OLA Electric IPO is ₹76.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

  OLA Electric IPO Vraj Iron and Steel IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹72.00 per share ₹195.00 per share
Issue Price (Upper) ₹76.00 per share ₹207.00 per share
Issue Price (Final) ₹76.00 per share ₹207.00 per share
Discount (Retail)
Discount (Employee) ₹7.00 per share
Market Lot Size 195 shares 72 shares
Fresh Issue Size 72,36,84,210 shares 82,60,870 shares
Fresh Issue Size (Amount) up to ₹5,500.00 Cr up to ₹171.00 Cr
OFS Issue Size 8,49,41,997 shares
OFS Issue Size (Amount) up to ₹645.56 Cr
Issue Size Total 80,86,26,207 shares 82,60,870 shares
Issue Size Total (Amount) up to ₹6,145.56 Cr up to ₹171.00 Cr

IPO Timetable

OLA Electric IPO opens on Aug 02, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of OLA Electric IPO and Vraj Iron and Steel IPO is Aug 06, 2024, and Jun 28, 2024, respectively.

  OLA Electric IPO Vraj Iron and Steel IPO
Anchor Bid Date Aug 01, 2024 Jun 25, 2024
Issue Open Aug 02, 2024 Jun 26, 2024
Issue Close Aug 06, 2024 Jun 28, 2024
Basis Of Allotment (Tentative) Aug 07, 2024 Jul 01, 2024
Initiation of Refunds (Tentative) Aug 08, 2024 Jul 02, 2024
Credit of Share (Tentative) Aug 08, 2024 Jul 02, 2024
Listing date (Tentative) Aug 09, 2024 Jul 03, 2024
Anchor Lockin End date 1 Sep 06, 2024 Jul 31, 2024
Anchor Lockin End date 2 Nov 05, 2024 Sep 29, 2024

Financials

OLA Electric IPO P/E ratio is -17.69, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

  OLA Electric IPO Vraj Iron and Steel 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

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets253.05191.54150.77126.33
Revenue304.81517.42414.38290.93
Profit After Tax44.5854.0028.7010.99
Net Worth187.50140.9287.1457.79
Reserves and Surplus162.78135.9782.1952.85
Total Borrowing49.3022.9842.5145.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 85.77% 99.99%
Promoter Shareholding (Post-Issue)
P/E Ratio -17.69 9.48
Market Cap ₹33521.75 Cr. ₹682.74 Cr.
ROE 23.78%%
ROCE 25.34%%
Debt/Equity 0.27
EPS ₹-4.30 ₹21.84
RoNW -78.46%% 23.78%%

Shares Offered

In the OLA Electric IPO retail investors (RII) are offered 8,07,90,252 shares while in Vraj Iron and Steel 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 16,52,174 shares in Vraj Iron and Steel IPO.

  OLA Electric IPO Vraj Iron and Steel IPO
Anchor Investor Reserveration 36,35,56,135 shares 24,78,259 shares
Market Maker Reserveration
QIB 24,23,70,750 shares 16,52,174 shares
NII 12,11,85,387 shares 12,39,130 shares
RII 8,07,90,252 shares 28,91,305 shares
Employee 7,97,101 shares 0 shares
Others
Total 44,51,43,490 shares 57,82,609 shares

Bids Received (Subscription)

OLA Electric IPO subscribed 4.45x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

  OLA Electric IPO Vraj Iron and Steel IPO
QIB (times) 5.53x 173.99x
NII (times) 2.51x 221.66x
Big NII (times) 2.75x 217.50x
Small NII (times) 2.03x 229.99x
RII (times) 4.05x 58.31x
Employee (times) 12.38x
Other (times)
Total (times) 4.45x 126.36x

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