Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Cell manufacturing capacity expansion
Funding capital expenditure at a subsidiary to expand battery cell manufacturing capacity.
Repayment of subsidiary debt
Repayment or prepayment of borrowings at a subsidiary engaged in vehicle manufacturing.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Ola Electric Mobility Limited is an electric vehicle manufacturer headquartered in Bengaluru, incorporated in 2017. The company designs, develops and manufactures electric two-wheelers along with several of the core components that go into them, including battery packs, motors and vehicle frames, largely at its Ola Futurefactory in Krishnagiri, Tamil Nadu, which was described at the time of listing as India's largest electric two-wheeler manufacturing facility with an installed annual capacity of about one million units. The company's product range spans multiple scooter models sold under the S1 family, including the S1 Pro, S1, S1 Air and S1 X variants. As of October 2023 it operated a wide retail and service footprint across India, with roughly 870 experience centers and 431 service centers, and it built a direct-to-consumer distribution model rather than relying solely on traditional dealership networks. Ola Electric has been a beneficiary of the Government of India's production-linked incentive schemes for both automobiles and battery cells, and it has pursued vertical integration into cell manufacturing through a subsidiary as part of its long-term strategy. At the time of its 2024 IPO the company was among the largest players by registrations in India's electric two-wheeler market, competing against both dedicated EV makers and established two-wheeler manufacturers that have since expanded their own electric offerings. Bhavish Aggarwal, the company's founder, has remained its principal promoter.
No anchor investors added yet.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Leading position in a fast-growing category
The company was among the top sellers of electric two-wheelers in India by registrations in the period leading up to its listing, benefiting from rapid category growth.
In-house manufacturing scale
Its Krishnagiri Futurefactory gave it a large captive manufacturing base for scooters and core components such as battery packs and motors, supporting cost control and supply reliability.
Government incentive support
The company qualified for production-linked incentive schemes covering both vehicle assembly and battery cell manufacturing, which was expected to aid margins as capacity utilization improved.
Direct-to-consumer distribution
A large network of company-run experience and service centers gave it direct control over the customer sales and after-sales experience rather than depending on third-party dealers.
History of losses
The company reported sustained net losses and negative reserves through the years leading up to the IPO, reflecting the high capital intensity of scaling EV manufacturing.
Demand forecasting risk
As a relatively young manufacturer in a fast-changing market, misjudging demand could lead to either inventory build-up or missed sales opportunities.
Underutilized capacity risk
Softer-than-expected demand could leave manufacturing capacity underutilized, delaying the economies of scale the business model depends on.
Ola Electric Mobility Limited
Regent Insignia, #414, 3rd Floor, 4th Block, 17th Main, 100 Feet Road, Koramangala, Bengaluru, Karnataka 560034, India
View on Maps →MUFG Intime India Private Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Intensifying competition
The company competes against both dedicated EV entrants and large, well-capitalized traditional two-wheeler makers that have been expanding their own electric line-ups.