Ola Electric QIP closes, 21.76 cr shares allotted at Rs 35.86, about Rs 780 cr raised
OLAELEC · price
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On the reaction day the stock moved 4.5 pts more than Nifty Smallcap 250 and 4.6 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ola Electric Fund Raising Committee closed its QIP on June 4, 2026, allotting 21.76 crore equity shares at Rs 35.86 each, including a Rs 25.86 premium over face value. The issue was priced at a 4.98% discount to the floor price of Rs 37.74, set under SEBI ICDR rules. Total funds raised are about Rs 780 crore.
Large equity dilution of 21.76 cr shares plus discount pricing may weigh on the stock short-term; funds likely aimed at growth.