Ola Electric Mobility Ltd
Ola Electric Completes QIP, Allots Shares Worth ₹780.24 Crore
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 04 Jun 2026, 08:57 PM IST · BSE ID: 7d561ffd-ef8a-4be7-819c-10d04d1dcc81
View Original BSE Filing (PDF)
💡
In Simple Terms
Ola Electric raised ₹780.24 crore by selling new shares to large institutional investors.
🤖 AI Summary
- Ola Electric allotted 217,578,428 equity shares via QIP.
- Total funds raised amount to ₹780,23,62,428.08 from the placement.
- Shares were issued at ₹35.86 per share, a discount to the floor price.
- The company's paid-up equity share capital increased post-allotment.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total funds raised (QIP)
₹780,23,62,428.08
Number of equity shares allotted
217,578,428
Issue price per equity share
₹35.86
Face value per equity share
₹10
Premium per equity share
₹25.86
Discount to floor price
4.98%
Paid-up equity share capital (before)
₹44,108,298,850
Paid-up equity share capital (after)
₹46,284,083,130
🏢 How This Affects the Company
This QIP strengthens Ola Electric's capital base, providing resources for ongoing operations and future growth initiatives.
The issuance of equity shares increases the company's total paid-up equity share capital and cash reserves by ₹780,23,62,428.08.
Access to capital reduces short-term funding risks and supports the company's strategic expansion plans.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders regarding this QIP issuance.
👤
Who Is Affected
Existing shareholders will experience dilution of their ownership percentage due to the issuance of new equity shares.
🔍
Management Signal
Management's decision to conduct a QIP signals intent to raise capital for strategic objectives and growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Updated shareholding pattern post-QIP
Company's next quarterly financial results
Announcements on utilization of QIP funds
LOW RISK
The QIP successfully raised capital, reinforcing financial stability and funding capacity.
💡 Investor Takeaway
Ola Electric raised ₹780.24 crore by allotting 217,578,428 equity shares at ₹35.86 per share via QIP, increasing its paid-up capital.
⚖️ Strengths & Concerns
✅ Positives
- Raised ₹780,23,62,428.08 through a Qualified Institutions Placement.
- Allotted 217,578,428 equity shares at ₹35.86 per share to eligible QIBs.
📅 Company Track Record
Ola Electric Mobility Ltd was formerly known as Ola Electric Mobility Private Limited. The company recently opened its QIP on June 1, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total amount raised by Ola Electric through the QIP?
Ola Electric raised ₹780,23,62,428.08 through its Qualified Institutions Placement.
How many shares did Ola Electric allot in the QIP and at what price?
The company allotted 217,578,428 equity shares at an issue price of ₹35.86 per share.
What was the discount offered on the floor price for Ola Electric's QIP?
The issue price of ₹35.86 represented a discount of 4.98% to the floor price of ₹37.74.
How did the QIP affect Ola Electric's paid-up equity share capital?
The paid-up equity share capital increased from ₹44,108,298,850 to ₹46,284,083,130.
Questions based on this BSE filing only. For information purposes.