Those who had sustained conviction and will to go against the odds are rewarded well 💰🤑 Congratulations & kudos to the bravehearts.🥳👏 I skipped Ola at ipo/prelist largely due to the fact that I am not very convinced in Ola story - e.g. policy flip flop E4W/ Ola cust experince etc. Have gone FF in Firstcry inspite of falling GMP as I am user of this platform and it is leader in its segment 💪 Geopolitical storm 🌊has ebbed for now and macro economic concerns are also cool. If no major negative news until Tuesday expecting fireworks in First😭 🎆🎇
The positives *GOV & Policy* 1) Gov supports this sector. (Remember Dixon & Amber or HAL, Cochin Shipyard, Mazgaon etc) Gov supported that sector. 2) Olectra Green - The electric bus manufacturing company. Graph to dekho... 3) For Government what is better 35000 ka battery import ya per year 24000 ka petrol import? FAME 3 nahi hoga? 4) Gov has given Lithium battery cell PLI to OLA. 5) Gov removed import duty of 10% on lithium in this budget 2024. 6) Gadkari chila chila ke bola EV EV EV. (He said infra infra too). 7) If CHINA subsidises BYD, India might subsidise India EV manufacturers. USA & Eu are against BYD subsidy. So are we. Indian companies will make a way in India. 8) Gov supported Vodafone & Yes Bank. If shutting FAME hurts EV business. Loss making EV manufacturers will topple against Chinese companies. Gov might not shut FAME. *Company* 9) Largest EV plant in INDIA. 10) Launching OLA e MotorCycle on 15th August 11) Battery manufacturing to start in q4. 12) Q1 results of last quarter on 9t Aug -Today 13) 1 Lakh unit sold in July. (Already bigger than Suzuki 2 wheeler in JULY. ( Bajaj sold 1.6 lakh petrol vehicle in July). 14) OLA ka shape ajeeb hai. Phir bhi beek to OLA hi Rahi hai. 15) OLA sales > Bajaj+Tvs+Ather. Ola is no 1 But it's sales are larger than 2+3+4. Bajaj & Tvs has branch network, legacy, brand still OLA tops. 16) Ola currently operates at nearly 40% capacity. What happens when it produces 100% 17) OLa owner has some past and issues. Thik hai this manufacturing is going no where. There are many investors. Will do the needful if neccesited. *Valuation* 18) Zomato (Small price) Not Paytm (2000). 19) Munjal (HERO) Invested in OLA electric 20) KIA & HYUNDAI have invested in this company 21) Check charts of Tesla, BYD & Olectra Green. 22) Anchor book (75%) +10% QIB is the key for long-term. *EV* 23) Battery phat jati hai. Battery to Samsung & Apple ki bhi phat jati hai. IskI bhi phategi. Pakka pahtegi. To kya? 24) Catl invented a battery with 15 year warranty or 15 Lakh km warranty. Battery is the future. and 25) Still have doubts, Go out have some clean deep breath..
442.6. UjwalG| Link| Bookmark|
August 9, 2024 9:37:19 AM
IPO Guru (1300+ Posts, 600+ Likes)
They were gonna start battery manufacturing in q1, but seems it got delayed again. Second, sub 1lk price, ola is the only one who operates ( as a big brand) , have read an article that bajaj and tvs are now eyeing this category The founder is cutting some costs as you can see from his X handle, but right before the ipo. Company is good no doubt about that, setting up such a big supply chain is not a joke. But how much time it will take to turnaround is important for me
Kids said they will skip Ola IPO Mens said they will buy below issue price after listing Legends are buying heavily and taking it towards upper circuit
Congratulations to all who defied the odds and held on to their conviction. Though I am not convinced with ola story the listing is tremendous. We will wait and watch till the drama unfolds.