August 2, 2024 - August 6, 2024

OLA Electric IPO Review & Recommendations

BP Equities (BP Wealth) and Marwadi Shares and Finance Ltd have given "Apply" recommendation to OLA Electric IPO. Anand Rathi, Canara Bank Securities Ltd, Choice Equity Broking Pvt Ltd and Dilip Davda have given "May Apply" recommendation to OLA Electric IPO. Capital Market and Swastika Investmart Ltd have "Neutral" view about the IPO. Ashika Research, Axis Capital, HDFC Securities Limited, InCred Equities and SBICAP Securities Limited have "Not Rated" the IPO.

OLA Electric IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	2	4	2	0	5
%	15.38	30.77	15.38	0.00	38.46

OLA Electric IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	May Apply
Ashika Research	Not Rated
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	May Apply
Capital Market	Neutral
Choice Equity Broking Pvt Ltd	May Apply
Dilip Davda	May Apply
HDFC Securities Limited	Not Rated
InCred Equities	Not Rated
Marwadi Shares and Finance Ltd	Apply
SBICAP Securities Limited	Not Rated
Swastika Investmart Ltd	Neutral

OLA Electric IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for OLA Electric IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	44	Avoid, however active risk seekers can try

OLA Electric IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is a pure E2W play emerging leader and with many big and small company’s dropping their hat in the fray, sphere competition is shaping ahead. Ola has laid down its future path with its future factory and Gigafactory to take on any kind of competition. In fact, the company is planning to enter E-2W bikes, three wheeler, cars and most importantly the 4680 Li-thion battery where it mulls it making a global hub for EV batteries. While its top line has been surging year-on-year, its bottom line marked improvement in reduced losses. No doubt it will take some more time to turn the corner and wipe out the losses. Thus it’s a pure long term investment bet. Well-informed investors may park moderate funds for long term. Read detail review...

OLA Electric IPO Peer Comparison

Ola Electric Mobility Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Ola Electric Mobility Limited	-4.35	-4.35	5.54		-78.46		Consolidated
Tvs Motor Company Ltd.	35.50	35.50	158.10	69.69	23.68	15.49	Consolidated
Eicher Motors Ltd.	146.18	145.92	659.06	36.78	22.17	7.44	Consolidated
Bajaj Auto Ltd.	272.70	272.70	1,037.41	29.95	26.61	9.38	Consolidated
Hero Motocorp Ltd.	187.36	187.04	892.08	27.16	20.98	6.06	Consolidated

Notes:

All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis). It is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2024 submitted to stock exchanges.
Financial information of Ola Electric Mobility Limited has been derived from the Restated Consolidated Financial Information as at or for the financial year ended March 31, 2024.
The Basic/Diluted EPS refers to the Basic/Diluted EPS sourced from the financial statements of the respective peer group companies for the year ended March 31, 2024.
The RoNW is computed as net profit after tax attributable to shareholders divided by total equity attributable to the equity shareholders as on March 31, 2024. Return on Net worth (%) is calculated as loss for the year divided by Net Worth at the end of the respective year.
NAV per equity share refers to total equity attributable to the equity shareholders as at the end of the financial year divided by the number of Equity Shares outstanding at the end of the year.
The P/E ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on July 25, 2024, divided by the Diluted EPS for financial year ended March 31, 2024 EV refers to Enterprise Value which is computed as Total Market Capitalization and Net Adjusted Debt as of March 31, 2024 (as per Restated Ind AS Summary Statements). Total Market Capitalization is the product of the post-Offer outstanding Equity Shares multiplied by the Offer Price for the Company.

OLA Electric IPO Review by Members

OLA Electric IPO Reviews, analysis and views by popular members. Read Ola Electric Mobility Limited IPO reviews by retail investors to find recommended ipo to buy.

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OLA Electric IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	3	3	0	9
%	20.00	20.00	0.00	60.00

Member	Review
newgen consultancy IPO Guru (3400+ Posts, 6400+ Likes)	Avoid No Visibility Towards Profitability August 6, 2024 1:57:54 PM
Pollachi Capitals	Apply for Long Term at Cut-off Price We feel fair price and have potential growth in E2W. Subscribe and hold for short to long term. We have applied. August 6, 2024 11:55:36 AM
Kedaranath	May Apply for Long Term at Cut-off Price PAT is in negative August 6, 2024 1:22:45 AM
JAGADISH RATNAKARAM	Avoid Loss making company... August 5, 2024 1:27:30 PM
Ankit Dhakad	Avoid This may lead to negative listing or decline in the short term. Apart from this, there is also negative sentiment in the market. If you are interested in this company then you can apply after listing. 1 August 5, 2024 11:59:18 AM
Bharat Malik	Avoid Negative eps August 4, 2024 1:32:34 PM
Hiren LM	Avoid Why loss making company has issued bonus shares in the ratio of 194998 for 1 in December 2021? It means they are not demanding Rs. 76 for Face value of Rs. 10, it's 76 multiplied by 194998 equals 1.48 crore. So it's IPO of shares with face value as Rs. 10 and IPO price as 1.48 crore per share. Please comment if I am wrong. August 3, 2024 4:19:25 PM
Dhanvantri	May Apply for Listing Gain at Upper Price Band May Apply if you get any listing gain People calling it second Paytm so popular pharse in UP Bhagte Chor ki langoti bhali. August 3, 2024 10:34:11 AM
Ashwin Mehra	Apply for Long Term at Cut-off Price Area of scope and name of ola August 3, 2024 6:25:28 AM
Dr Sikander Rander	Avoid Huge Capital Subscription may lead flood of Sellers at time of Listing. The company suffers from huge losses. August 2, 2024 6:43:38 PM
Pradeep Bishnoi	Avoid OLA IPO: Avoid it! - OLA suffered a massive loss of ₹1,584 crore despite generating ₹5,243 crore in revenue in Q4 2023-24. - The company has been bleeding losses for the past four quarters, and management expects this trend to continue due to high expenditure. - Govt. subsidies will eventually end - Established players entering EV market - Overvalued company My verdict: Not worth investing! It's your call now. 2 July 31, 2024 10:23:03 PM
chIPOrgarh (200+ Posts)	Avoid All negatives expect exponential 773x growth in revenue from 2021. 1 July 29, 2024 10:54:56 AM
prem motwani	Avoid Loss making co very poor July 28, 2024 8:34:09 PM
Kartikgohel	May Apply for Listing Gain at Cut-off Price Super IPO 1 June 29, 2024 7:55:59 PM
Professōr Top Contributor (600+ Posts, 100+ Likes)	Apply for Listing Gain at Upper Price Band Apply for listing gain as well as long term a giant player in EV market. Decent listing gains possible 1 June 26, 2024 8:47:34 PM

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1 Comments

1. sharmaLko Link|July 31, 2024 10:51:02 AM

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