OLA Electric IPO vs Vraj Iron and Steel IPO

Comparision between OLA Electric IPO and Vraj Iron and Steel IPO.

IPO Details

OLA Electric IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	OLA Electric IPO	Vraj Iron and Steel 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	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of OLA Electric IPO is ₹76.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	OLA Electric IPO	Vraj Iron and Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹72.00 per share	₹195.00 per share
Issue Price (Upper)	₹76.00 per share	₹207.00 per share
Issue Price (Final)	₹76.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)	₹7.00 per share
Market Lot Size	195 shares	72 shares
Fresh Issue Size	72,36,84,210 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹5,500.00 Cr	up to ₹171.00 Cr
OFS Issue Size	8,49,41,997 shares
OFS Issue Size (Amount)	up to ₹645.56 Cr
Issue Size Total	80,86,26,207 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹6,145.56 Cr	up to ₹171.00 Cr

IPO Timetable

OLA Electric IPO opens on Aug 02, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of OLA Electric IPO and Vraj Iron and Steel IPO is Aug 06, 2024, and Jun 28, 2024, respectively.

	OLA Electric IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Aug 01, 2024	Jun 25, 2024
Issue Open	Aug 02, 2024	Jun 26, 2024
Issue Close	Aug 06, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Aug 07, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Aug 08, 2024	Jul 02, 2024
Credit of Share (Tentative)	Aug 08, 2024	Jul 02, 2024
Listing date (Tentative)	Aug 09, 2024	Jul 03, 2024
Anchor Lockin End date 1	Sep 05, 2024	Jul 31, 2024
Anchor Lockin End date 2	Nov 04, 2024	Sep 29, 2024

Financials

OLA Electric IPO P/E ratio is -17.69, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

OLA Electric IPO

Vraj Iron and Steel 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

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% 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	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.77%

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

-17.69

9.48

Market Cap

₹33521.75 Cr.

₹682.74 Cr.

ROE

23.78%%

ROCE

25.34%%

Debt/Equity

0.27

EPS

₹-4.30

₹21.84

RoNW

-78.46%%

23.78%%

Shares Offered

In the OLA Electric IPO retail investors (RII) are offered 8,07,90,252 shares while in Vraj Iron and Steel 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 16,52,174 shares in Vraj Iron and Steel IPO.

	OLA Electric IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	36,35,56,135 shares	24,78,259 shares
Market Maker Reserveration
QIB	24,23,70,750 shares	16,52,174 shares
NII	12,11,85,387 shares	12,39,130 shares
RII	8,07,90,252 shares	28,91,305 shares
Employee	7,97,101 shares	0 shares
Others
Total	44,51,43,490 shares	57,82,609 shares

Bids Received (Subscription)

OLA Electric IPO subscribed 4.45x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	OLA Electric IPO	Vraj Iron and Steel IPO
QIB (times)	5.53x	173.99x
NII (times)	2.51x	221.66x
Big NII (times)	2.75x	217.50x
Small NII (times)	2.03x	229.99x
RII (times)	4.05x	58.31x
Employee (times)	12.38x
Other (times)
Total (times)	4.45x	126.36x

Compare with others

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

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