Ola Electric to Allot 40 Crore OCRPS to Ola Cell Technologies for ₹400 Crore

Bengaluru, October 7, 2025: Ola Electric Mobility Limited announced that its wholly owned subsidiary Ola Electric Technologies Private Limited (OET) has approved the first tranche allotment of 40,00,00,000 Non-cumulative and Non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) at a face value of ₹10 each, aggregating to ₹400,00,00,000. 

The allotment to Ola Cell Technologies Private Limited (OCT), a fellow wholly owned subsidiary, was made on a preferential basis through private placement.

Background and Corporate Approvals

The allotment follows shareholder approval obtained at the Annual General Meeting held on August 22, 2025, permitting variation in the use of IPO proceeds. The total authorised OCRPS programme comprises 87,76,40,000 OCRPS, of which this 40,00,00,000 tranche constitutes the first allotment. Further tranches will be intimated as funds are infused and allotments are completed.

Details of First Tranche Allotment

OET’s board approved the allotment during its meeting held on October 7, 2025. The issue price is ₹10 per OCRPS, the tranche is fully subscribed, and funds are being infused into OET by OCT as intra-group capital support aimed at advancing the group’s technology and cell manufacturing initiatives.

Structure and Key Terms Explained

The OCRPS are non-cumulative and non-participating preference shares carrying a nominal dividend rate of 0.001%. They are optionally convertible and redeemable, offering flexibility for future conversion or redemption as per terms. Conversion details will be disclosed if and when conversion occurs or on lapse of instrument tenure.

Purpose and Strategic Rationale

The intra-group infusion is intended to optimise utilisation of IPO proceeds, strengthen the balance sheet of OET and support projects in battery cell technology and related clean energy initiatives. The move aligns with Ola Electric’s broader strategy to fund technology development and accelerate the commercialisation of core EV components.

Ola Electric Share Price Performance

On October 8, 2025, Ola Electric share price opened at ₹52.89 on NSE, above the previous close of ₹52.61. During the day, it surged to ₹52.95 and dipped to ₹52.65. The stock is trading at ₹52.87 as of 9:17 AM. The stock registered a marginal change of 0.49%..

Over the past week, it has declined by 5.34%, over the past month, it has declined by 10.93%, and over the past 3 months, it has moved up by 29.71%.

Conclusion 

This ₹400,00,00,000 intra-group allotment marks a significant capitalisation step for Ola Electric’s cell and technology push following its IPO related approvals. Stakeholders can expect further tranche disclosures and regulatory filings as additional funds are infused and allotments are completed.

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