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Ola Electric Mobility IPO vs Vraj Iron IPO

Comparison between Ola Electric Mobility IPO and Vraj Iron IPO.

IPO Details

Ola Electric Mobility IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vraj Iron IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Ola Electric Mobility IPOVraj Iron IPO
LogoOla Electric Mobility IPO LogoVraj Iron IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersBOB Capital Markets Ltd.

ICICI Securities Ltd.

Goldman Sachs (India) Securities Pvt.Ltd.

Citigroup Global Markets India Pvt.Ltd.

SBI Capital Markets Ltd.

Axis Capital Ltd.

BOFA Securities India Ltd.

Kotak Mahindra Capital Co.Ltd.		Aryaman Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ola Electric Mobility IPO is up to ₹6,145.56 Cr whereas the issue size of the Vraj Iron IPO is up to ₹171.00 Cr. The final issue price of Ola Electric Mobility IPO is ₹76.00 per share and of Vraj Iron IPO is ₹207.00 per share.

 Ola Electric Mobility IPOVraj Iron IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹72.00 per share₹195.00 per share
Issue Price (Upper)₹76.00 per share₹207.00 per share
Issue Price (Final)₹76.00 per share₹207.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹7.00 per share
Market Lot Size195 shares72 shares
Fresh Issue Size72,37,57,627 shares82,60,869 shares
Fresh Issue Size (Amount)up to ₹5,500.06 Crup to ₹171.00 Cr
OFS Issue Size8,49,41,997 shares0 shares
OFS Issue Size (Amount)up to ₹645.50 Crup to ₹0.00 Cr
Issue Size Total80,86,99,624 shares82,60,869 shares
Issue Size Total (Amount)up to ₹6,145.56 Crup to ₹171.00 Cr

IPO Timetable

Ola Electric Mobility IPO opens on Aug 02, 2024, while Vraj Iron IPO opens on Jun 26, 2024. The closing date of Ola Electric Mobility IPO and Vraj Iron IPO is Aug 06, 2024, and Jun 28, 2024, respectively.

 Ola Electric Mobility IPOVraj Iron IPO
Anchor Bid DateAug 01, 2024Jun 25, 2024
Issue OpenAug 02, 2024Jun 26, 2024
Issue CloseAug 06, 2024Jun 28, 2024
Basis Of Allotment (Tentative)Aug 07, 2024Jul 01, 2024
Initiation of Refunds (Tentative)Aug 08, 2024Jul 02, 2024
Credit of Share (Tentative)Aug 08, 2024Jul 02, 2024
Listing date (Tentative)Aug 09, 2024Jul 03, 2024
Anchor Lockin End date 1Sep 05, 2024Jul 31, 2024
Anchor Lockin End date 2Nov 04, 2024Sep 29, 2024

Financials & KPIs

Ola Electric Mobility IPO P/E ratio is -17.69, as compared to Vraj Iron IPO P/E ratio of 9.48.

 Ola Electric Mobility IPOVraj Iron IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets7,735.415,573.175,395.862,112.64
Total Income5,243.272,782.70456.26106.08
Profit After Tax-1,584.40-1,472.08-784.15-199.23
NET Worth2,019.342,356.443,661.451,970.62
Reserves and Surplus-2,882.54-1,380.03-68.831,999.30
Total Borrowing2,389.211,645.75750.4138.87
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets253.05191.54150.77126.33
Total Income304.81517.42414.38290.93
Profit After Tax44.5854.0028.7010.99
NET Worth187.50140.9287.1457.79
Reserves and Surplus162.78135.9782.1952.85
Total Borrowing49.3022.9842.5145.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)45.1499.99
Promoter Shareholding (Post-Issue)36.78
P/E Ratio-17.699.48
Market Cap₹33521.75 Cr.₹682.74 Cr.
ROE23.78%
ROCE25.34%
Debt/Equity0.27
EPS₹-4.30₹21.84
RoNW-78.46%23.78%

Shares Offered

In the Ola Electric Mobility IPO Retail Individual Investors (RII) are offered 8,07,90,252 shares while in Vraj Iron IPO retail investors are offered 8,07,90,252 shares. Qualified Institutional Buyers (QIB) are offered 24,23,70,758 shares in Ola Electric Mobility IPO and 16,52,174 shares in Vraj Iron IPO.

 Ola Electric Mobility IPOVraj Iron IPO
Anchor Investor Reservation36,35,56,135 shares24,78,259 shares
Market Maker Reservation
QIB24,23,70,758 shares16,52,174 shares
NII12,11,85,378 shares12,39,131 shares
RII8,07,90,252 shares28,91,305 shares
Employee7,97,101 shares
Others
Total80,86,99,624 shares82,60,869 shares

Bids Received (Subscription)

Ola Electric Mobility IPO subscribed 4.45x in total, whereas Vraj Iron IPO subscribed 126.36x.

 Ola Electric Mobility IPOVraj Iron IPO
QIB (times)5.53x173.99x
NII (times)2.51x221.66x
Big NII (times)2.75x217.50x
Small NII (times)2.03x229.99x
RII (times)4.05x58.31x
Employee (times)12.38x
Other (times)
Total (times)4.45x126.36x

Compare with others

Ola Electric Mobility IPOVraj Iron IPO
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Compare:

Ola Electric Mobility IPO Vs Vraj Iron IPO