OLA IPO Analysis RELEASE DATE, GMP, PRICE BAND, IPO TIPS

OLA IPO Analysis: RELEASE DATE, GMP, PRICE BAND, IPO TIPS

According to sources familiar with the matter, Bengaluru-based startup Ola would raise half of its capital through a main issue and the balance through an offer for sale (OFS) from certain early backers. 

According to The Economic Times, cab aggregator Ola is planning a public offering in early 2022 to earn at least $1.5-2 billion at a valuation of $12-14 billion. 

According to sources familiar with the situation, the Bengaluru-based firm would raise half of the cash through a main issue and the balance through an offer for sale (OFS) from certain early supporters.

What is OLA?

Ola is India’s biggest mobility platform and one of the world’s top ride-hailing firms, with 250+ cities in India, Australia, New Zealand, and the United Kingdom. The Ola app provides mobility solutions by linking clients to drivers and a diverse variety of vehicles such as motorcycles, auto-rickshaws, metered taxis, and cabs, allowing hundreds of millions of consumers and over 1.5 million driver-partners ease and transparency.

In India, Ola’s main mobility service is supported by its electric-vehicle branch, Ola Electric; India’s largest fleet management firm, Ola Fleet Technologies; and Ola Skilling, which seeks to provide millions of job opportunities for India’s youth. Ola is seeking to develop mobility for the next billion Indians through the acquisition of Ridlr, India’s largest public transit app, and investment in Vogo, a dockless scooter sharing solution. Ola also provides consumer services such as micro-insurance and credit-based payments through Ola Financial Services, as well as a variety of owned food brands via India’s biggest network of kitchens through its Food division.

Bhavish Aggarwal and Ankit Bhati launched Ola in December 2010 with the goal of creating mobility for a billion people.

OLA IPO details:

IPO Opening Date2022 (?)
IPO Closing Date2022 (?)
Issue TypeBook Built
Face ValueNA per  share
IPO Price? to ? per equity share
Market Lot?
Min Order Quantity?
Listing AtBSE, NSE
Issue Size$1.5 – $2 Billion (expected) 
Fresh IssueNA
Offer for SaleNA

If you wish to learn more about OLA’s finances, read this article.

What would be the price band of the OLA IPO?

Procedural book-building procedures will define the cost range for OLA’s product. The business has yet to determine and publicise the issue price. 

We will update the page as soon as we obtain price information from a reputable source. 

Morgan Stanley, Goldman Sachs, Kotak Mahindra Capital, Citigroup, and JP Morgan are said to be collaborating with the firm on filing preliminary paperwork with the market regulator in the next two months. 

They will be the book building issue’s lead chiefs.

“As the issuance is expected to exceed $1.5 billion, there may be a few additional institutions. The final requirements are expected this week “stated one of the aforementioned individuals

What would the Grey Market Premium be for OLA’s IPO? 

GMP has not yet been declared; however, the price will be updated as soon as we obtain official information from our sources. 

Make sure your notifications are turned on to receive the most up-to-date information from our website.

What will be the release date for OLA IPO?

The Initial Public Offering is expected to be issued soon, though no exact date has been confirmed. If the pandemic situation has settled down, the IPO is scheduled to be issued in 2022. 

However, we will keep you updated as soon as we get more exact information about the date.

How do I apply for the OLA Initial Public Offering (IPO)? 

You may now apply for the IPO using the usual IPO application procedure via Zerodha, Upstox, or any other broker; if you don’t know how to apply for an IPO, check our article on ‘Easy Step by Step Guide Apply for IPO in India.’ 

To be honest, obtaining an IPO allotment is like winning the lottery, and everything depends on your luck. If you are fortunate in obtaining an IPO allocation, please read our blog on ‘How to Make Money with IPO in India.‘ 

Because IPO applications are subject to a cash block with the bank account, use the Auto Pay option while completing your UPI ID application.

Conclusion: 

OLA’s initial public offering (IPO) has been making waves in the market for a few months now, particularly due to OLA electric. On the day of the IPO’s listing, it is considered as a strong investment opportunity with a high return on investment.

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Written by
Sourav Suman
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