OLA Electric IPO vs Sanstar IPO

Comparision between OLA Electric IPO and Sanstar IPO.

IPO Details

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

	OLA Electric IPO	Sanstar 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	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	Pantomath Capital Advisors Pvt Ltd
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 OLA Electric IPO is up to ₹6,145.56 Cr whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of OLA Electric IPO is ₹76.00 per share and of Sanstar IPO is ₹95.00 per share.

	OLA Electric IPO	Sanstar IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹72.00 per share	₹90.00 per share
Issue Price (Upper)	₹76.00 per share	₹95.00 per share
Issue Price (Final)	₹76.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)	₹7.00 per share
Market Lot Size	195 shares	150 shares
Fresh Issue Size	72,36,84,210 shares	4,18,00,000 shares
Fresh Issue Size (Amount)	up to ₹5,500.00 Cr	up to ₹397.10 Cr
OFS Issue Size	8,49,41,997 shares	1,19,00,000 shares
OFS Issue Size (Amount)	up to ₹645.56 Cr	up to ₹113.05 Cr
Issue Size Total	80,86,26,207 shares	5,37,00,000 shares
Issue Size Total (Amount)	up to ₹6,145.56 Cr	up to ₹510.15 Cr

IPO Timetable

OLA Electric IPO opens on Aug 02, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of OLA Electric IPO and Sanstar IPO is Aug 06, 2024, and Jul 23, 2024, respectively.

	OLA Electric IPO	Sanstar IPO
Anchor Bid Date	Aug 01, 2024	Jul 18, 2024
Issue Open	Aug 02, 2024	Jul 19, 2024
Issue Close	Aug 06, 2024	Jul 23, 2024
Basis Of Allotment (Tentative)	Aug 07, 2024	Jul 24, 2024
Initiation of Refunds (Tentative)	Aug 08, 2024	Jul 25, 2024
Credit of Share (Tentative)	Aug 08, 2024	Jul 25, 2024
Listing date (Tentative)	Aug 09, 2024	Jul 26, 2024
Anchor Lockin End date 1	Sep 05, 2024	Aug 23, 2024
Anchor Lockin End date 2	Nov 04, 2024	Oct 22, 2024

Financials

OLA Electric IPO P/E ratio is -17.69, as compared to Sanstar IPO P/E ratio of 19.98.

OLA Electric IPO

Sanstar IPO

Financial

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

Sanstar Limited Financial Information (Restated Consolidated)

Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% 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	527.57	368.35	207.45
Revenue	1,081.68	1,209.67	504.77
Profit After Tax	66.77	41.81	15.92
Net Worth	215.91	149.28	48.97
Reserves and Surplus	225.18	158.41	55.69
Total Borrowing	127.64	111.70	85.22
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.77%

99.77%

Promoter Shareholding (Post-Issue)

70.37%

P/E Ratio

-17.69

19.98

Market Cap

₹33521.75 Cr.

₹1731.32 Cr.

ROE

30.92%%

ROCE

24.43%%

Debt/Equity

0.5

EPS

₹-4.30

₹4.75

RoNW

-78.46%%

30.92%%

Shares Offered

In the OLA Electric IPO retail investors (RII) are offered 8,07,90,252 shares while in Sanstar IPO retail investors are offered 8,07,90,252 shares. Qualified institutional buyers (QIB) are offered 24,23,70,750 shares in OLA Electric IPO and 1,07,40,000 shares in Sanstar IPO.

	OLA Electric IPO	Sanstar IPO
Anchor Investor Reserveration	36,35,56,135 shares	1,61,10,000 shares
Market Maker Reserveration
QIB	24,23,70,750 shares	1,07,40,000 shares
NII	12,11,85,387 shares	80,55,000 shares
RII	8,07,90,252 shares	1,87,95,000 shares
Employee	7,97,101 shares	0 shares
Others
Total	44,51,43,490 shares	3,75,90,000 shares

Bids Received (Subscription)

OLA Electric IPO subscribed 4.45x in total, whereas Sanstar IPO subscribed 82.99x.

	OLA Electric IPO	Sanstar IPO
QIB (times)	5.53x	145.68x
NII (times)	2.51x	136.49x
Big NII (times)	2.75x	149.44x
Small NII (times)	2.03x	110.61x
RII (times)	4.05x	24.23x
Employee (times)	12.38x
Other (times)
Total (times)	4.45x	82.99x

Compare with others

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

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