Ola Electric Mobility Limited has closed its qualified institutions placement of equity shares, securing approximately Rs 780.58 crore. The Fund Raising Committee of the board approved the closure of the issue on June 4, 2026, following receipt of application forms and funds from eligible qualified institutional buyers.
The committee approved the allocation of 217,578,428 equity shares at an issue price of Rs 35.86 per share. Each equity share has a face value of Rs 10 and the issue price includes a premium of Rs 25.86 per share. The issue price reflects a discount of 4.98%, or Rs 1.88 per share, to the floor price of Rs 37.74 per share determined for the issue.
The fund raising committee finalised confirmation of allocation notes to the eligible qualified institutional buyers who were allocated shares in the issue. The committee also approved and adopted the placement document dated June 4, 2026 in connection with the qualified institutions placement.
The equity shares of Ola Electric Mobility are listed on the National Stock Exchange under the symbol OLAELEC and on BSE under scrip code 544225. Ola Electric Mobility will file the placement document with both stock exchanges where its equity shares are listed. The document will also be made available on the Ola Electric Mobility website.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.