Ola Electric's Fund-Raising Committee Approves QIP Opening, Floor Price Fixed at ₹37.74 Per Share

Ola Electric Mobility Limited has announced the approval of a qualified institutions placement of equity shares.  

This decision follows a board meeting held on October 25, 2025, and a special resolution passed by company members on November 27, 2025. 

Details of the Qualified Institutions Placement 

On June 1, 2026, the Fund Raising Committee of Ola Electric Mobility approved the opening of the qualified institutions placement.  

The placement involves equity shares with a face value of ₹10 each, offered to eligible institutional buyers. The floor price has been set at ₹37.74 per share, calculated according to the SEBI ICDR Regulations. 

The company has also adopted a preliminary placement document and application form to invite bids from institutional buyers. The issue price will be determined in consultation with the book running lead managers. 

Regulatory Compliance and Pricing 

The floor price was determined based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.  

The company may offer a discount of up to 5% on the floor price, as per the special resolution approved by members. 

In compliance with regulatory requirements, the trading window for dealing in the company's securities remains closed until 48 hours after the determination of the issue price. 

Filing and Documentation 

Ola Electric Mobility has filed the preliminary placement document with the National Stock Exchange of India Limited and BSE Limited. The document is also available on the company's website. 

Read More: Ola Electric Outpaces Industry with 23% MoM Growth, Registers 15,139 Units in May 2026! 

Meeting Details and Compliance 

The Fund Raising Committee meeting took place from 5:30 p.m. to 5:45 p.m. on June 1, 2026. The company has ensured compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

Ola Electric Mobility Share Price Performance 

As of June 01, 2026, at 3:30 PM, Ola Electric Mobility share price on NSE was closed at ₹39.53 down by 4.72% from the previous closing price. 

Conclusion 

Ola Electric Mobility's approval of the qualified institutions placement marks a significant step in its capital-raising efforts. With a floor price set and regulatory compliance ensured, the company is poised to proceed with the placement to institutional buyers. 

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