ixigo IPO vs OLA Electric IPO

Comparision between ixigo IPO and OLA Electric IPO.

IPO Details

ixigo 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.

	ixigo 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	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 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 ixigo IPO is up to ₹740.10 Cr whereas the issue size of the OLA Electric IPO is up to ₹6,145.56 Cr. The final issue price of ixigo IPO is ₹93.00 per share and of OLA Electric IPO is ₹76.00 per share.

	ixigo IPO	OLA Electric IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹88.00 per share	₹72.00 per share
Issue Price (Upper)	₹93.00 per share	₹76.00 per share
Issue Price (Final)	₹93.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)		₹7.00 per share
Market Lot Size	161 shares	195 shares
Fresh Issue Size	1,29,03,226 shares	72,36,84,210 shares
Fresh Issue Size (Amount)	up to ₹120.00 Cr	up to ₹5,500.00 Cr
OFS Issue Size	6,66,77,674 shares	8,49,41,997 shares
OFS Issue Size (Amount)	up to ₹620.10 Cr	up to ₹645.56 Cr
Issue Size Total	7,95,80,900 shares	80,86,26,207 shares
Issue Size Total (Amount)	up to ₹740.10 Cr	up to ₹6,145.56 Cr

IPO Timetable

ixigo IPO opens on Jun 10, 2024, while OLA Electric IPO opens on Aug 02, 2024. The closing date of ixigo IPO and OLA Electric IPO is Jun 12, 2024, and Aug 06, 2024, respectively.

	ixigo IPO	OLA Electric IPO
Anchor Bid Date	Jun 07, 2024	Aug 01, 2024
Issue Open	Jun 10, 2024	Aug 02, 2024
Issue Close	Jun 12, 2024	Aug 06, 2024
Basis Of Allotment (Tentative)	Jun 13, 2024	Aug 07, 2024
Initiation of Refunds (Tentative)	Jun 14, 2024	Aug 08, 2024
Credit of Share (Tentative)	Jun 14, 2024	Aug 08, 2024
Listing date (Tentative)	Jun 18, 2024	Aug 09, 2024
Anchor Lockin End date 1	Jul 13, 2024	Sep 05, 2024
Anchor Lockin End date 2	Sep 11, 2024	Nov 04, 2024

Financials

ixigo IPO P/E ratio is 148.87, as compared to OLA Electric IPO P/E ratio of -17.69.

ixigo IPO

OLA Electric IPO

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 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)

85.77%

Promoter Shareholding (Post-Issue)

P/E Ratio

148.87

-17.69

Market Cap

₹3603.04 Cr.

₹33521.75 Cr.

ROE

ROCE

Debt/Equity

EPS

₹0.62

₹-4.30

RoNW

15.26%%

-78.46%%

Shares Offered

In the ixigo IPO retail investors (RII) are offered 79,58,089 shares while in OLA Electric IPO retail investors are offered 79,58,089 shares. Qualified institutional buyers (QIB) are offered 2,38,74,271 shares in ixigo IPO and 24,23,70,750 shares in OLA Electric IPO.

	ixigo IPO	OLA Electric IPO
Anchor Investor Reserveration	3,58,11,405 shares	36,35,56,135 shares
Market Maker Reserveration
QIB	2,38,74,271 shares	24,23,70,750 shares
NII	1,19,37,134 shares	12,11,85,387 shares
RII	79,58,089 shares	8,07,90,252 shares
Employee	0 shares	7,97,101 shares
Others
Total	4,37,69,494 shares	44,51,43,490 shares

Bids Received (Subscription)

ixigo IPO subscribed 98.10x in total, whereas OLA Electric IPO subscribed 4.45x.

	ixigo IPO	OLA Electric IPO
QIB (times)	106.73x	5.53x
NII (times)	110.25x	2.51x
Big NII (times)	117.40x	2.75x
Small NII (times)	95.95x	2.03x
RII (times)	53.95x	4.05x
Employee (times)		12.38x
Other (times)
Total (times)	98.10x	4.45x

Compare with others

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

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