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Ola IPO
ANI Technologies Private Limited
Ola IPO Details
One of the most popular mobility service platforms, Ola, is on its way to releasing its IPO. In December 2021, the company decided to launch its IPO but shelved the decision due to various macroeconomic uncertainties.
The Soft Bank-backed ANI Technologies Pvt Ltd owns the Ola platform for ride-hailing options. Besides cab aggregation, the company also operates Ola Fleet, Ola Foods, and Ola Financial. The online transportation corporation, Ola, launched one of its sustainable ventures, i.e., Ola Electric, in 2017. Through its diversified ventures, Ola has earned INR 500 crores in revenue in the initial months of the financial year 2022-23.
With more than 50% market share in India, Ola IPO plans to raise USD 1 billion. The main aim of the Ola IPO is to acquire more capital to enhance the company's capital. In addition, the company's plan to expand into other domains has also triggered the creation of a 'super app'. Moreover, Ola has ventured into the youth support segment by integrating artificial intelligence for higher productivity.
Ola IPO Strenghts
- The company has ventured into fleet management, electric vehicle, finance and food verticals while experimenting with keyless scooters and collaborating with brands like Vogo.
- Future-ready with investments like Ridlr that provide innovative tech solutions in the commuting industry.
- Popularity of the recently-launched Ola Electric, with 25,000 scooters sold and 30% of the electric two-wheelers market captured.
- The company recently entered the financial market with Ola Financial Services to offer seamless micro-insurances and promote credit-led payments.
- Ola does not own or purchase vehicles. It collaborates with drivers from all over the country to provide ride-hailing services to consumers, making it a cash surplus business.
- Committed to a dynamic pricing model to efficiently manage supply during bad weather or high demand.
Ola IPO Weaknesses
- Ola IPO is subject to changes in government regulations for the taxi service domain, which can also affect its revenue.
- The lack of regulation and differences in drivers' behaviour can fluctuate the company's performance and impact its reputation.
- Fierce competition from ride-hailing services like Uber that can eat into its market.
Ola Revenue & Profit
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2
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Ola IPO Dates
| Open Date | 02 August , 2024 |
| Close Date | 06 August , 2024 |
| IPO Allotment Date | 07 August , 2024 |
| Initiation of Refunds | 8 August 2024 |
| Credit of Shares | 8 August 2024 |
| Ola IPO Listing Date | 9 August 2024 |
Ola IPO Lot Size
| Ola IPO Minimum Lot Size | 1 |
| Ola IPO Maximum Lot Size | 13 |
Seize the Opportunity! Apply for Ola IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Ola IPO Subscription Breakup
| QIBs | To be announced |
| Non-Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Ola IPO?
Step 1
First, you need to visit the IPO section in our Choice FinX app.
Step 2
Then, click on the 'More' option to view the Invest in IPO section.
Step 3
Open the Ola IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on apply button.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Ola IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.