Home/article/Ola Electric gets Sebi approval for Rs 7,250-crore IPO

Ola Electric gets Sebi approval for Rs 7,250-crore IPO

Written by: Diksha Kalra

Published: Sep 16, 2026

Updated: Sep 16, 2026

2 min read

Ola Electric has received approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) to raise Rs 7,250 crore.
This IPO will make Ola Electric the first-ever Indian EV two-wheeler maker to go public. The company filed its draft red herring prospectus (DRHP) with Sebi on December 22, 2023.
The IPO comprises a fresh issue of Rs 5,500 crore and an offer for sale (OFS) of Rs 1,750 crore. Existing shareholders will sell 9.519 crore shares in the OFS, with Ola Electric founder Bhavish Aggarwal selling 4.73 crore shares.
The company is also considering a re-IPO placement of shares worth Rs 1,100 crore, which would reduce the size of the fresh issue accordingly.
The funds raised from the IPO will be utilized for capital expenditure (capex), debt repayment, research and development (R&D), and inorganic growth.
Ola Electric dominates the EV two-wheeler market with around 52% market share. It registered 34,000 units in a month, marking a 54% year-on-year growth.
In the financial year ended March 2023, Ola Electric reported consolidated revenues of Rs 2,782 crore, with a net loss of Rs 1,472 crore due to increased expenses.
For the first quarter of 2023-24, the company reported a total income of Rs 1,272 crore and losses of Rs 267 crore. Its net worth as of June 30, 2023, was Rs 2,111 crore.

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