ixigo IPO vs OLA Electric

Comparision between ixigo IPO and OLA Electric.

IPO Details

ixigo IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while OLA Electric is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ixigo IPO	OLA Electric
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial Limited	Kotak Mahindra Capital Company Limited Bofa Securities India Limited Axis Capital Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ixigo IPO is up to ₹740.10 Cr whereas the issue size of the OLA Electric is . The final issue price of ixigo IPO is ₹93.00 per share and of OLA Electric is .

	ixigo IPO	OLA Electric
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹88.00 per share
Issue Price (Upper)	₹93.00 per share
Issue Price (Final)	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	161 shares
Fresh Issue Size	1,29,03,226 shares
Fresh Issue Size (Amount)	up to ₹120.00 Cr	up to ₹5,500.00 Cr
OFS Issue Size	6,66,77,674 shares	9,51,91,195 shares
OFS Issue Size (Amount)	up to ₹620.10 Cr
Issue Size Total	7,95,80,900 shares
Issue Size Total (Amount)	up to ₹740.10 Cr

IPO Timetable

ixigo IPO opens on Jun 10, 2024, while OLA Electric opens on . The closing date of ixigo IPO and OLA Electric is Jun 12, 2024, and , respectively.

	ixigo IPO	OLA Electric
Anchor Bid Date	Jun 07, 2024
Issue Open	Jun 10, 2024
Issue Close	Jun 12, 2024
Basis Of Allotment (Tentative)	Jun 13, 2024
Initiation of Refunds (Tentative)	Jun 14, 2024
Credit of Share (Tentative)	Jun 14, 2024
Listing date (Tentative)	Jun 18, 2024
Anchor Lockin End date 1	Jul 13, 2024
Anchor Lockin End date 2	Sep 11, 2024

Financials

ixigo IPO P/E ratio is 148.87, as compared to OLA Electric P/E ratio of .

ixigo IPO

OLA Electric

Financial

Le Travenues Technology Limited Financial Information (Restated Consolidated)

Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	678.71	585.93	538.47	185.07
Revenue	497.10	517.57	384.94	138.41
Profit After Tax	65.71	23.40	-21.09	7.53
Net Worth	437.13	373.76	342.69	29.94
Reserves and Surplus	399.83	334.17	303.22	-212.60
Total Borrowing	43.36	0.54	2.73	14.94
Amount in ₹ Crore

Ola Electric Mobility Limited Financial Information (Restated)

Ola Electric Mobility Limited's revenue increased by 509.89% and profit after tax (PAT) dropped by -87.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,711.12	5,573.17	5,395.86	2,112.64
Revenue	1,278.68	2,782.70	456.26	106.08
Profit After Tax	-267.16	-1,472.08	-784.15	-199.23
Net Worth	2,111.51	2,356.44	3,661.45	1,970.62
Reserves and Surplus	-1,625.90	-1,380.03	-68.83	1,999.30
Total Borrowing	1,616.57	1,645.75	750.41	38.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.77%

Promoter Shareholding (Post-Issue)

P/E Ratio

148.87

Market Cap

₹3603.04 Cr.

ROE

ROCE

Debt/Equity

EPS

₹0.62

RoNW

15.26%%

Shares Offered

In the ixigo IPO retail investors (RII) are offered 79,58,089 shares while in OLA Electric retail investors are offered 79,58,089 shares. Qualified institutional buyers (QIB) are offered 2,38,74,271 shares in ixigo IPO and in OLA Electric.

	ixigo IPO	OLA Electric
Anchor Investor Reserveration	3,58,11,405 shares
Market Maker Reserveration
QIB	2,38,74,271 shares
NII	1,19,37,134 shares
RII	79,58,089 shares
Employee	0 shares
Others
Total	4,37,69,494 shares

Bids Received (Subscription)

ixigo IPO subscribed 98.10x in total, whereas OLA Electric subscribed .

	ixigo IPO	OLA Electric
QIB (times)	106.73x
NII (times)	110.25x
Big NII (times)	117.40x
Small NII (times)	95.95x
RII (times)	53.95x
Employee (times)
Other (times)
Total (times)	98.10x

Compare with others

ixigo IPO	OLA Electric
OLA Electric	Bansal Wire IPO
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Aasaan Loans IPO	Vraj Iron and Steel IPO
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DEE Piping Systems IPO	Stanley Lifestyles IPO
Kronox Lab Sciences IPO	DEE Piping Systems IPO
Awfis Space Solutions IPO	ixigo IPO
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Aadhar Housing Finance IPO
TBO Tek IPO

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