In today’s briefing:
- Ola Electric IPO – RHP Updates – Growing Faster than Expected, Driven by GoI Policy
- Ola Electric IPO: Valuation Insights
- Ola Electric IPO – Thoughts on Valuation
Ola Electric IPO – RHP Updates – Growing Faster than Expected, Driven by GoI Policy
- Ola Electric is now looking to raise about US$730m in its upcoming India IPO.
- Ola Electric Mobility is a vertically integrated pure EV player in India with manufacturing capabilities for EVs and EV components, including cells.
- In our previous notes, we looked at the company’s performance, undertook a peer comparison and talked about valuations. In this note, we look at the updates from its recent filings.
Ola Electric IPO: Valuation Insights
- Ola Electric (1700674D IN), the largest Indian player in electric two-wheel vehicles (E2W), is seeking to raise up to US$734 million.
- We previously discussed the IPO in Ola Electric IPO: The Bull Case, Ola Electric IPO: The Bear Case and Ola Electric IPO: The Investment Case.
- Our valuation analysis suggests that the IPO price range of Rs72-76 per share is attractive. Therefore, we would participate in the IPO.
Ola Electric IPO – Thoughts on Valuation
- Ola Electric is now looking to raise about US$730m in its India IPO.
- Ola Electric Mobility is a vertically integrated pure EV player in India with manufacturing capabilities for EVs and EV components, including cells.
- In our previous notes, we looked at the company’s past performance. In this note, we will talk about valuations.
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