Ola Electric Mobility Ltd
Ola Electric Approves ₹9,997.36 Crore Rights Issue
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 07 Oct 2026, 07:08 PM IST · BSE ID: 2f654140-eb7b-4a10-9416-55009f511f3d
View Original BSE Filing (PDF)
💡
In Simple Terms
Ola Electric will raise funds by offering new shares to existing shareholders at a fixed price.
🤖 AI Summary
- Ola Electric approves rights issue of up to ₹9,997.36 crore.
- Issue comprises 37,02,72,665 partly paid-up equity shares at ₹27 each.
- Record date set for October 13, 2026; issue opens October 22, 2026.
- Equity shares will be partly paid-up with ₹16.20 due on application.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights Issue Size
₹ 9,99,73,61,955/-
Number of Rights Equity Shares
37,02,72,665
Rights Issue Price per Share
₹ 27/-
Amount payable on Application per Share
₹ 16.20
Amount payable on First and final call per Share
₹ 10.80
Record Date
October 13, 2026
Issue Opening Date
October 22, 2026
Issue Closing Date
October 30, 2026
Outstanding Equity Shares prior to Rights Issue
4,62,84,08,313
Outstanding Equity Shares post Rights Issue (assuming full subscription)
4,99,86,80,978
🏢 How This Affects the Company
The rights issue provides capital to fund the company's growth initiatives and expansion plans.
The company's equity base will increase by approximately ₹9,997.36 crore, assuming full subscription, impacting its capital structure.
Funds raised will support scaling manufacturing, research and development, and market penetration efforts.
Dilution risk for existing shareholders is present, contingent on their participation in the rights issue.
👥 What This Means For Shareholders
✅
Action Required
Shareholders as of October 13, 2026, will receive rights entitlements and must decide whether to subscribe, renounce, or let them lapse.
👤
Who Is Affected
Shareholders on the record date of October 13, 2026, are entitled to subscribe to 2 rights equity shares for every 25 fully paid-up equity shares held.
🔍
Management Signal
The rights issue demonstrates management's commitment to pursuing aggressive growth strategies funded by equity capital.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Letter of Offer filing with SEBI, BSE, NSE.
Issue opening and closing dates adherence.
Payment schedule for call monies by October 31, 2027.
MEDIUM RISK
Requires additional capital calls and potential shareholder dilution if not fully subscribed.
💡 Investor Takeaway
Ola Electric is raising ₹9,997.36 crore via a rights issue of partly paid-up equity shares at ₹27. ₹16.20 is due on application, with the balance by October 31, 2027.
⚖️ Strengths & Concerns
✅ Positives
- Secures substantial capital ₹9,99,73,61,955 for growth and operations.
- Rights issue at ₹27 per share offers a clear price point for investors.
⚠️ Concerns
- Partly paid-up structure requires further capital calls, creating payment obligations.
- Rights entitlement ratio of 2 shares for every 25 held implies significant dilution if not subscribed.
📅 Company Track Record
In June 2026, Ola Electric raised ₹780.24 crore via QIP by allotting shares at ₹35.86.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total size of Ola Electric's rights issue?
Ola Electric Mobility Limited has approved a rights issue of partly paid-up equity shares aggregating to ₹ 9,99,73,61,955/-.
What is the price of the rights equity shares?
The Rights Issue Price is ₹ 27/- per Rights Equity Share.
When is the record date for Ola Electric's rights issue?
The record date for determining shareholders eligible to receive rights entitlement is October 13, 2026.
How much needs to be paid on application for the rights shares?
On application, ₹ 16.20 per Rights Equity Share is to be paid, constituting 60% of the Issue Price.
Questions based on this BSE filing only. For information purposes.