Ola Electric Mobility Ltd
Ola Electric: Submits Letter of Offer for ₹9,997.36 Crore Rights Issue
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 07 Oct 2026, 11:55 PM IST · BSE ID: 08af5762-fae9-4988-b60e-451b935605ee
View Original BSE Filing (PDF)
💡
In Simple Terms
Ola Electric is raising nearly ₹10,000 crore by offering new shares to existing shareholders at a discounted price.
🤖 AI Summary
- Ola Electric submits Letter of Offer for ₹9,997.36 crore rights issue.
- Proposes 37,02,72,665 partly paid-up shares at ₹27 each.
- Rights issue ratio is 2 shares for every 25 held.
- Record date for the issue is October 13, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Rights Issue Size
₹ 9,99,73,61,955
Issue Price per Rights Equity Share
₹27
Number of Rights Equity Shares
37,02,72,665
Rights Entitlement Ratio
2 (Two) Rights Equity Shares for every 25 (Twenty-Five) fully paid-up Equity Shares
Record Date
October 13, 2026
Amount Payable on Application per Rights Equity Share
₹16.20
Amount Payable on First and Final Call per Rights Equity Share
₹10.80
🏢 How This Affects the Company
The rights issue will provide significant capital to Ola Electric, potentially funding expansion and operational growth initiatives.
This capital infusion will strengthen the company's balance sheet and enhance its liquidity position.
The rights issue dilutes existing shareholding, but also provides the capital needed to execute strategic plans.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders must review the Letter of Offer and decide whether to subscribe to the rights entitlement by the specified deadlines.
👤
Who Is Affected
Eligible equity shareholders recorded on October 13, 2026, are entitled to subscribe to 2 Rights Equity Shares for every 25 fully paid-up Equity Shares held.
🔍
Management Signal
Management signals intent to significantly expand operations and requires capital from existing shareholders to fund this growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Opening of the rights issue subscription period.
Closure of the rights issue subscription period.
Allotment of rights equity shares.
MEDIUM RISK
Rights issue involves partly paid shares and requires shareholder capital commitment.
💡 Investor Takeaway
Ola Electric is raising up to ₹9,997.36 crore via rights issue of partly paid-up shares at ₹27 each, with a record date of October 13, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Proposes to raise a substantial ₹9,997.36 crore through rights issue.
- Issue price of ₹27 per share offers a discount to current market value.
⚠️ Concerns
- Partly paid-up shares introduce a payment obligation for shareholders.
- Shareholders not participating face dilution of their ownership percentage.
📅 Company Track Record
Ola Electric previously raised ₹780.24 crore via QIP in June 2026, allocating shares at ₹35.86 per share.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total amount Ola Electric plans to raise through its rights issue?
Ola Electric plans to raise up to ₹9,997.36 crore through its rights issue.
What is the issue price for Ola Electric's rights issue?
The issue price for Ola Electric's rights issue is ₹27 per partly paid-up equity share.
What is the entitlement ratio for Ola Electric's rights issue?
The entitlement ratio for Ola Electric's rights issue is 2 Rights Equity Shares for every 25 fully paid-up Equity Shares held.
When is the record date for Ola Electric's rights issue?
The record date for Ola Electric's rights issue is Tuesday, October 13, 2026.
How much needs to be paid on application for the rights shares?
On application, ₹16.20 per rights equity share is payable, consisting of ₹6.00 face value and ₹10.20 premium.
Questions based on this BSE filing only. For information purposes.