Ceigall India IPO vs OLA Electric IPO

Comparision between Ceigall India IPO and OLA Electric IPO.

IPO Details

Ceigall India 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.

	Ceigall India 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	ICICI Securities Limited Iifl Securities Ltd Jm Financial 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	Link Intime India Private 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 Ceigall India IPO is up to ₹1,252.66 Cr whereas the issue size of the OLA Electric IPO is up to ₹6,145.56 Cr. The final issue price of Ceigall India IPO is ₹401.00 per share and of OLA Electric IPO is ₹76.00 per share.

	Ceigall India IPO	OLA Electric IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹380.00 per share	₹72.00 per share
Issue Price (Upper)	₹401.00 per share	₹76.00 per share
Issue Price (Final)	₹401.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)	₹38.00 per share	₹7.00 per share
Market Lot Size	37 shares	195 shares
Fresh Issue Size	1,70,63,640 shares	72,36,84,210 shares
Fresh Issue Size (Amount)	up to ₹684.25 Cr	up to ₹5,500.00 Cr
OFS Issue Size	1,41,74,840 shares	8,49,41,997 shares
OFS Issue Size (Amount)	up to ₹568.41 Cr	up to ₹645.56 Cr
Issue Size Total	3,12,38,480 shares	80,86,26,207 shares
Issue Size Total (Amount)	up to ₹1,252.66 Cr	up to ₹6,145.56 Cr

IPO Timetable

Ceigall India IPO opens on Aug 01, 2024, while OLA Electric IPO opens on Aug 02, 2024. The closing date of Ceigall India IPO and OLA Electric IPO is Aug 05, 2024, and Aug 06, 2024, respectively.

	Ceigall India IPO	OLA Electric IPO
Anchor Bid Date	Jul 31, 2024	Aug 01, 2024
Issue Open	Aug 01, 2024	Aug 02, 2024
Issue Close	Aug 05, 2024	Aug 06, 2024
Basis Of Allotment (Tentative)	Aug 06, 2024	Aug 07, 2024
Initiation of Refunds (Tentative)	Aug 07, 2024	Aug 08, 2024
Credit of Share (Tentative)	Aug 07, 2024	Aug 08, 2024
Listing date (Tentative)	Aug 08, 2024	Aug 09, 2024
Anchor Lockin End date 1	Sep 04, 2024	Sep 05, 2024
Anchor Lockin End date 2	Nov 03, 2024	Nov 04, 2024

Financials

Ceigall India IPO P/E ratio is 20.67, as compared to OLA Electric IPO P/E ratio of -17.69.

Ceigall India IPO

OLA Electric IPO

Financial

Ceigall India Limited Financial Information (Restated Consolidated)

Ceigall India Limited's revenue increased by 46.92% and profit after tax (PAT) rose by 81.81% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,592.19	1,827.82	959.14
Revenue	3,066.19	2,087.04	1,146.50
Profit After Tax	304.91	167.70	126.43
Net Worth	906.41	593.06	431.25
Total Borrowing	1,811.02	1,252.58	652.12
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)

99.99%

85.77%

Promoter Shareholding (Post-Issue)

82.06%

P/E Ratio

20.67

-17.69

Market Cap

₹6985.41 Cr.

₹33521.75 Cr.

ROE

33.57%%

ROCE

31.98%%

Debt/Equity

1.17

EPS

₹19.40

₹-4.30

RoNW

33.57%%

-78.46%%

Shares Offered

In the Ceigall India IPO retail investors (RII) are offered 1,09,16,012 shares while in OLA Electric IPO retail investors are offered 1,09,16,012 shares. Qualified institutional buyers (QIB) are offered 62,37,721 shares in Ceigall India IPO and 24,23,70,750 shares in OLA Electric IPO.

	Ceigall India IPO	OLA Electric IPO
Anchor Investor Reserveration	93,56,581 shares	36,35,56,135 shares
Market Maker Reserveration
QIB	62,37,721 shares	24,23,70,750 shares
NII	46,78,291 shares	12,11,85,387 shares
RII	1,09,16,012 shares	8,07,90,252 shares
Employee	55,096 shares	7,97,101 shares
Others
Total	2,18,87,120 shares	44,51,43,490 shares

Bids Received (Subscription)

Ceigall India IPO subscribed 14.01x in total, whereas OLA Electric IPO subscribed 4.45x.

	Ceigall India IPO	OLA Electric IPO
QIB (times)	31.26x	5.53x
NII (times)	14.83x	2.51x
Big NII (times)	16.28x	2.75x
Small NII (times)	11.92x	2.03x
RII (times)	3.82x	4.05x
Employee (times)	11.84x	12.38x
Other (times)
Total (times)	14.01x	4.45x

Compare with others

Ceigall India IPO	OLA Electric IPO
Premier Energies IPO	Ceigall India IPO
Interarch Building Products IPO	Akums Drugs and Pharmaceuticals IPO
Orient Technologies IPO	Sanstar IPO
Unicommerce eSolutions IPO	Bansal Wire IPO
Brainbees Solutions (Firstcry) IPO	Emcure Pharma IPO
Akums Drugs and Pharmaceuticals IPO	Vraj Iron and Steel IPO
Sanstar IPO	Aasaan Loans IPO
Bansal Wire IPO	Stanley Lifestyles IPO
Emcure Pharma IPO	DEE Piping Systems IPO
OLA Electric IPO	ixigo IPO

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