OLA Electric vs Sanstar IPO

Comparision between OLA Electric and Sanstar IPO.

IPO Details

OLA Electric 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	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	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of OLA Electric is whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of OLA Electric is and of Sanstar IPO is ₹95.00 per share.

	OLA Electric	Sanstar IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)		₹90.00 per share
Issue Price (Upper)		₹95.00 per share
Issue Price (Final)		₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size		150 shares
Fresh Issue Size		4,18,00,000 shares
Fresh Issue Size (Amount)	up to ₹5,500.00 Cr	up to ₹397.10 Cr
OFS Issue Size	9,51,91,195 shares	1,19,00,000 shares
OFS Issue Size (Amount)		up to ₹113.05 Cr
Issue Size Total		5,37,00,000 shares
Issue Size Total (Amount)		up to ₹510.15 Cr

IPO Timetable

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

	OLA Electric	Sanstar IPO
Anchor Bid Date		Jul 18, 2024
Issue Open		Jul 19, 2024
Issue Close		Jul 23, 2024
Basis Of Allotment (Tentative)		Jul 24, 2024
Initiation of Refunds (Tentative)		Jul 25, 2024
Credit of Share (Tentative)		Jul 25, 2024
Listing date (Tentative)		Jul 26, 2024
Anchor Lockin End date 1		Aug 23, 2024
Anchor Lockin End date 2		Oct 22, 2024

Financials

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

OLA Electric

Sanstar IPO

Financial

Ola Electric Mobility Limited Financial Information (Restated)

Ola Electric Mobility Limited's revenue increased by 509.89% and profit after tax (PAT) dropped by -87.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,711.12	5,573.17	5,395.86	2,112.64
Revenue	1,278.68	2,782.70	456.26	106.08
Profit After Tax	-267.16	-1,472.08	-784.15	-199.23
Net Worth	2,111.51	2,356.44	3,661.45	1,970.62
Reserves and Surplus	-1,625.90	-1,380.03	-68.83	1,999.30
Total Borrowing	1,616.57	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

19.98

Market Cap

₹1731.32 Cr.

ROE

30.92%%

ROCE

24.43%%

Debt/Equity

0.5

EPS

₹4.75

RoNW

30.92%%

Shares Offered

In the OLA Electric retail investors (RII) are offered while in Sanstar IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in OLA Electric and 1,07,40,000 shares in Sanstar IPO.

	OLA Electric	Sanstar IPO
Anchor Investor Reserveration		1,61,10,000 shares
Market Maker Reserveration
QIB		1,07,40,000 shares
NII		80,55,000 shares
RII		1,87,95,000 shares
Employee		0 shares
Others
Total		3,75,90,000 shares

Bids Received (Subscription)

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

	OLA Electric	Sanstar IPO
QIB (times)		145.68x
NII (times)		136.49x
Big NII (times)		149.44x
Small NII (times)		110.61x
RII (times)		24.23x
Employee (times)
Other (times)
Total (times)		82.99x

Compare with others

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

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