Ola Electric, one of the most eagerly awaited IPO finally filed its IPO papers with SEBI.
Its Promoter & CEO, Bhavish has literally shaped the Electric Vehicle Revolution in India. He has opened up this interesting sector for India.
Continuous Innovation is one reason why he could move from the Gen1 to Gen 2 platform. Its business has seen a tremendous growth of the past 2 years. Its market share as of June 30 stood at 31% from 21% in FY23
Usage of capital is also being done to scale with little being used for marketing โฆthe overall expenses are coming down asset turnover is getting better.
I hope company will keep its IPO price at a reasonable valuation and will leave something for investors.
All the best !