Ola Electric Mobility Ltd
Ola Electric Approves Rights Issue of ₹9,997 Crores, Sets Record Date
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 07 Oct 2026, 07:12 PM IST · BSE ID: 1bf957a4-29c4-48c7-a89c-c017d2f9c86e
View Original BSE Filing (PDF)
💡
In Simple Terms
Ola Electric is raising up to ₹9,997.36 crores by offering new shares to existing shareholders at ₹27 each.
🤖 AI Summary
- Ola Electric approves ₹9,997.36 crore rights issue for 37,02,72,665 partly paid equity shares.
- Rights Issue price set at ₹27 per share, payable in two tranches, with ₹16.20 on application.
- Record date for rights entitlement is October 13, 2026; issue period runs October 22-30, 2026.
- Total outstanding equity shares to increase to 4,99,86,80,978 post-issue, assuming full subscription.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights Issue Size
₹ 9,99,73,61,955/-
Total number of Rights Equity Shares
37,02,72,665
Rights Issue Price
₹ 27/-
Amount on Application
₹ 16.20
Amount on First and final call
₹ 10.80
Record Date
October 13, 2026
Issue Opening Date
October 22, 2026
Issue Closing Date
October 30, 2026
Equity Shares Outstanding (prior)
4,62,84,08,313
Equity Shares Outstanding (post)
4,99,86,80,978
🏢 How This Affects the Company
The rights issue provides significant capital to Ola Electric, supporting its growth initiatives and operational expansion.
The ₹9,997.36 crore capital infusion will bolster the company's cash reserves and strengthen its balance sheet, impacting its debt-to-equity ratios.
Access to substantial funds may enable accelerated expansion of manufacturing capacity, research and development, and market penetration strategies.
While the capital raise strengthens financial standing, the success of the rights issue and subsequent capital deployment is crucial for achieving growth objectives.
👥 What This Means For Shareholders
✅
Action Required
Shareholders eligible on the record date of October 13, 2026, will receive rights to subscribe to new shares.
👤
Who Is Affected
Shareholders holding fully paid-up equity shares as of October 13, 2026, will be entitled to 2 Rights Equity Shares for every 25 shares held.
🔍
Management Signal
Management is signaling a strong intent to raise significant capital to fund future growth and expansion plans.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Receipt of Letter of Offer from SEBI and exchanges.
Completion of the rights issue subscription period.
Confirmation of payments received for the first call money.
MEDIUM RISK
Rights issue requires full subscription and payment; market conditions can impact investor participation.
💡 Investor Takeaway
Ola Electric is undertaking a ₹9,997.36 crore rights issue of partly paid shares at ₹27 each. Record date is October 13, 2026, with the issue opening October 22, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Secures substantial capital of ₹9,997.36 crores through a rights issue to fund future growth.
- Establishes a clear framework for capital raising with defined issue price and timelines.
⚠️ Concerns
- The rights issue entails issuing a significant number of shares, potentially diluting existing shareholders' stakes.
- The total rights issue size is dependent on full subscription and payment of all call monies.
📅 Company Track Record
Ola Electric recently raised ₹780.24 crore via a QIP in June 2026, allotting shares at ₹35.86 per share.
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's rights issue aims to raise up to ₹9,997.36 crores.
What is the price of Ola Electric's rights equity shares?
The rights equity shares are priced at ₹27 per share.
When is the record date for Ola Electric's rights issue?
The record date for determining eligible shareholders is October 13, 2026.
How are the payments structured for Ola Electric's rights issue shares?
₹16.20 per share is payable on application, and the remaining ₹10.80 on the first and final call.
What is the entitlement ratio for Ola Electric's rights issue?
Shareholders are entitled to 2 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the record date.
Questions based on this BSE filing only. For information purposes.