Ola Electric Mobility Ltd - IPO

Ola Electric Mobility Ltd IPO Details

initial public offering of 808,699,624# equity shares of face value of Rs. 10 each of Ola Electric Mobility Limited (The Company or the Company) for cash at a price of Rs. 76 per equity share (including a premium of Rs. 66 per equity share) (Offer Price) aggregating to Rs. 6145.56#^ crores (the Offer) comprising a fresh issue of 723,757,627# equity shares of face value of Rs. 10 each aggregating to Rs. 5500.00#^ crores (the Fresh Issue) and an offer for sale of 84,941,997# equity shares of face value of Rs. 10 each aggregating to Rs. 645.56# crores (the Offer for Sale), consisting of 37,915,211# equity shares of face value of Rs. 10 each aggregating to Rs. 288.16# crores by Bhavish Aggarwal, 4,178,996# equity shares of face value of Rs. 10 each aggregating to Rs. 31.76# crores by Indus Trust, 295,470# equity shares of face value of Rs. 10 each aggregating to Rs. 2.25# crores by AB Initio Capital, l.p., 3,782,883# equity shares of face value of Rs. 10 each aggregating to Rs. 28.75# crores by Alpha Wave Ventures ii, lp, 630,336# equity shares of face value of Rs. 10 each aggregating to Rs. 4.79# crores by Alpine opportunity fund vi, l.p., 601,828# equity shares of face value of Rs. 10 each aggregating to Rs. 4.57# crores by Ashna Advisors llp, 6,360,891# equity shares of face value of Rs. 10 each aggregating to Rs. 48.34# crores by internet fund iii pte ltd, 1,354,978# equity shares of face value of Rs. 10 each aggregating to Rs. 10.30# crores by macritchie investments pte. ltd., 89,000# equity shares of face value of Rs. 10 each aggregating to Rs. 0.67# crores by matrix partners india iii aif trust, 3,727,534# equity shares of face value of Rs. 10 each aggregating to Rs. 28.33# crores by matrix partners india investments iii, llc, 358,228# equity shares of face value of Rs. 10 each aggregating to Rs. 2.72# crores by Nuvama Private investments trust-nuvama crossover opportunities fund - series iii, 278,619# equity shares of face value of Rs. 10 each aggregating to Rs. 2.12# crores by nuvama private investments trust-nuvama crossover opportunities fund - series iii a, 278,644# equity shares of face value of Rs. 10 each aggregating to Rs. 2.12# crores by nuvama private investments trust-nuvama crossover opportunities fund - series iii b, 256,530# equity shares of face value of Rs. 10 each aggregating to Rs. 1.95# crores by sarin family india llc, 23,857,268# equity shares of face value of Rs. 10 each aggregating to Rs. 181.32# crores by svf ii ostrich (de) llc and 975,581# equity shares of face value of Rs. 10 each aggregating to Rs. 7.41# crores by tekne private ventures xv, ltd. (collectively, the selling shareholders and such equity shares, the Offered Shares). The offer included a reservation of 797,101# equity shares of face value of Rs. 10 each, aggregating to Rs. 5.50#^ crores (constituting 0.02% of the post-offer paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitutes 18.33% and 18.32% of the post-offer paid-up equity share capital of the company, respectively. #Subject to finalisation of basis of allotment. ^After employee discount. %A discount of Rs. 7 per equity share was offered to eligible employees bidding in the employee reservation portion.

Objective of issue

Capital expenditure to be incurred by its subsidiary OCT for the project. Repayment or pre-payment in full or part of the indebtedness incurred by its subsidiary OET. Investment into research and product developemnt. Expenditure to be incurred for organic growth initiatives. General corporate purposes.

Ola Electric Mobility Ltd Contact Details

Ola Electric Mobility Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - ipo@olaelectric.com

Website - www.olaelectric.com