Vijay Shekhar Sharma, Zoya Akhtar, and Farhan Akhtar, early investors in Ola Electric, retain their shares as the company heads towards its IPO. Acquired in December 2021, their shares were bought at significantly lower prices compared to today’s market valuation.
Despite the stock market’s robust performance with a 48.32 percent increase in the Nifty since their investment, the upcoming IPO prices these shares higher than their acquisition cost. This places the celebrity investors in a potentially profitable position.
However, not all early backers are as fortunate. Investors like Alpine Opportunity Fund VI LP and Tekne Private Ventures XV Ltd face over 30 percent losses, as their acquisition prices were well above the current IPO price band of Rs 72 to 76.
Ola Electric’s market dynamics reveal a strategic valuation cut. The company’s market cap, significantly reduced from its peak, reflects a deliberate attempt to enhance public participation amid a global tech downturn.
As the IPO opens, Ola Electric boasts a strong footprint in India’s electric two-wheeler market, holding a 35 percent share. This is a substantial increase from 21 percent, highlighting rapid growth and market acceptance.
With 870 experience centres and 431 service centres, Ola Electric doubled its sales in FY24, demonstrating effective market strategies and customer engagement. This growth trajectory showcases the company’s robust operational framework as it enters the public market.
