Aasaan Loans IPO vs OLA Electric IPO

Comparision between Aasaan Loans IPO and OLA Electric IPO.

IPO Details

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

	Aasaan Loans IPO	OLA Electric IPO
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	Gretex Corporate Services Limited	Kotak Mahindra Capital Company Limited Bofa Securities India Limited Axis Capital Limited SBI Capital Markets Limited Citigroup Global Markets India Private Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Bob Capital Markets Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the OLA Electric IPO is up to ₹6,145.56 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of OLA Electric IPO is ₹76.00 per share.

	Aasaan Loans IPO	OLA Electric IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹72.00 per share
Issue Price (Upper)	₹120.00 per share	₹76.00 per share
Issue Price (Final)	₹120.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)		₹7.00 per share
Market Lot Size	125 shares	195 shares
Fresh Issue Size	1,10,00,000 shares	72,36,84,210 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹5,500.00 Cr
OFS Issue Size		8,49,41,997 shares
OFS Issue Size (Amount)		up to ₹645.56 Cr
Issue Size Total	1,10,00,000 shares	80,86,26,207 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹6,145.56 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while OLA Electric IPO opens on Aug 02, 2024. The closing date of Aasaan Loans IPO and OLA Electric IPO is Jun 21, 2024, and Aug 06, 2024, respectively.

	Aasaan Loans IPO	OLA Electric IPO
Anchor Bid Date	Jun 18, 2024	Aug 01, 2024
Issue Open	Jun 19, 2024	Aug 02, 2024
Issue Close	Jun 21, 2024	Aug 06, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Aug 07, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Aug 08, 2024
Credit of Share (Tentative)	Jun 25, 2024	Aug 08, 2024
Listing date (Tentative)	Jun 26, 2024	Aug 09, 2024
Anchor Lockin End date 1	Jul 24, 2024	Sep 05, 2024
Anchor Lockin End date 2	Sep 22, 2024	Nov 04, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to OLA Electric IPO P/E ratio of -17.69.

Aasaan Loans IPO

OLA Electric IPO

Financial

Akme Fintrade India Ltd Financial Information (Restated)

Akme Fintrade India Ltd's revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% 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	417.96	390.50	374.01	455.40
Revenue	53.45	69.57	67.50	86.79
Profit After Tax	12.25	15.80	4.12	16.31
Net Worth	217.01	204.78	136.84	130.26
Reserves and Surplus	185.34	173.11	115.03	108.45
Total Borrowing	195.19	177.76	230.06	317.82
Amount in ₹ Crore

Ola Electric Mobility Limited Financial Information (Restated Consolidated)

Ola Electric Mobility Limited's revenue increased by 88.42% and profit after tax (PAT) dropped by -7.63% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,735.41	5,573.17	5,395.86	2,112.64
Revenue	5,243.27	2,782.70	456.26	106.08
Profit After Tax	-1,584.40	-1,472.08	-784.15	-199.23
Net Worth	2,019.34	2,356.44	3,661.45	1,970.62
Reserves and Surplus	-2,882.54	-1,380.03	-68.83	1,999.30
Total Borrowing	2,389.21	1,645.75	750.41	38.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

85.77%

Promoter Shareholding (Post-Issue)

P/E Ratio

-17.69

Market Cap

₹33521.75 Cr.

ROE

5.64%%

ROCE

Debt/Equity

2.49

EPS

₹3.87

₹-4.30

RoNW

5.81%%

-78.46%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in OLA Electric IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 24,23,70,750 shares in OLA Electric IPO.

	Aasaan Loans IPO	OLA Electric IPO
Anchor Investor Reserveration	31,35,000 shares	36,35,56,135 shares
Market Maker Reserveration
QIB	20,90,000 shares	24,23,70,750 shares
NII	15,67,500 shares	12,11,85,387 shares
RII	36,57,500 shares	8,07,90,252 shares
Employee	5,50,000 shares	7,97,101 shares
Others
Total	78,65,000 shares	44,51,43,490 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas OLA Electric IPO subscribed 4.45x.

	Aasaan Loans IPO	OLA Electric IPO
QIB (times)	28.12x	5.53x
NII (times)	129.98x	2.51x
Big NII (times)	121.56x	2.75x
Small NII (times)	146.83x	2.03x
RII (times)	44.58x	4.05x
Employee (times)	5.42x	12.38x
Other (times)
Total (times)	54.49x	4.45x

Compare with others

Aasaan Loans IPO	OLA Electric IPO
Sanstar IPO	Ceigall India IPO
Bansal Wire IPO	Akums Drugs and Pharmaceuticals IPO
Emcure Pharma IPO	Sanstar IPO
OLA Electric IPO	Bansal Wire IPO
Vraj Iron and Steel IPO	Emcure Pharma IPO
Stanley Lifestyles IPO	Vraj Iron and Steel IPO
DEE Piping Systems IPO	Aasaan Loans IPO
ixigo IPO	Stanley Lifestyles IPO
Kronox Lab Sciences IPO	DEE Piping Systems IPO
Awfis Space Solutions IPO	ixigo IPO

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