Ola Electric Mobility is an EV Company building towards a brighter, safer and greener future. They are building towards making India the world's EV hub by creating an ecosystem with products, services and technology which will define the next frontier of innovation.
Bhavish Aggarwal is the Founder, Chairman and Managing Director and the Promoter of the Company.
Financially, Ola revenue jumped from ₹4,562.60 Millions in FY22 to ₹27,826.97 Millions in FY23 and currently jumped to ₹52,432.70 Millions in FY24. But, EBITDA declined from ₹-7,175.52 Millions in FY22 to ₹-11,970.98 Millions in FY23 and currently at ₹-10,401.91 Millions in FY24. The PAT is declining from ₹-7,841.50 Millions in FY22 to ₹-14,720.79 Millions in FY23 and currently at ₹-15,844.00 Millions in FY24. This does not indicate a steady financial performance.
For the Ola IPO, the company is issuing shares at a pre-issue EPS of ₹-4.35 and a post-issue EPS of ₹-3.59. The pre-issue P/E ratio is -17.47x, while the post-issue P/E ratio is -21.16x against the industry P/E ratio of 41.37x. These metrics suggest that the IPO is fully priced.
The Grey Market Premium (GMP) of Ola indicates potential listing gains of 10% to 15%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid the Ola Electric Mobility Limited IPO for Listing gain or long term investment purposes.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST return filing process at Finance Saathi is simple, structured, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
| 5 | Client Confirmation – Draft shared for approval before filing. | Same Day |
| 6 | GST Return Filing – Returns filed on the GST portal and acknowledgment shared. | Same Day |
Estimated Turnaround Time: 2–4 Working Days (per return period)
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST return filing process at Finance Saathi is simple, structured, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
| 5 | Client Confirmation – Draft shared for approval before filing. | Same Day |
| 6 | GST Return Filing – Returns filed on the GST portal and acknowledgment shared. | Same Day |
Estimated Turnaround Time: 2–4 Working Days (per return period)
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