Ola Electric Share Price Rallies Nearly 4% After ₹780 Crore QIP Gets 56% Oversubscription

Ola Electric share price traded in the green and gained over 3.5% in early trade on June 5, 2026, after the company received a strong response to its Qualified Institutional Placement (QIP), which was oversubscribed by 56%. 

The positive sentiment follows the company's recent announcement regarding the launch of its QIP to raise funds from eligible institutional investors. On June 3, 2026, Ola Electric share price surged 10% and hit its upper circuit limit after the fundraising plan was disclosed. 

Ola Electric Raises ₹780 Crore Through QIP 

Ola Electric Mobility announced the successful closure of its Qualified Institutional Placement (QIP), raising ₹780 crore from institutional investors. 

The issue witnessed strong participation from both global and domestic investors, receiving bids worth approximately ₹780 crore and achieving an oversubscription of 56%. 

The investor base included prominent global institutions such as Goldman Sachs and BNP Climate Fund, alongside leading domestic mutual funds including Motilal Oswal Mutual Fund, Mirae Asset Mutual Fund, Kotak Mahindra Mutual Fund, JM Financial Mutual Fund, and Baroda BNP Paribas Mutual Fund. 

OLA Electric QIP Share Allocation Details 

The Fund Raising Committee approved the closure of the QIP after receiving application forms and funds from eligible Qualified Institutional Buyers (QIBs). 

Under the issue, the company allotted 21.76 crore equity shares at an issue price of ₹35.86 per share, which included a premium of ₹25.86 per share. 

The issue price was fixed at a discount of 4.98%, or ₹1.88 per equity share, to the floor price of ₹37.74 per share. 

The committee also approved the final allocation notes for eligible investors and adopted the placement document dated June 4, 2026, related to the QIP issue. 

Ola Electric Share Price Performance 

Ola Electric share price has witnessed a strong rally in recent months. Over the last 3 months, the stock has gained over 80%, significantly outperforming the benchmark Sensex, which delivered a negative return of around 7% during the same period. 

As of June 4, 2026, at 12:10 PM, Ola Electric share price was trading at around ₹44.45 up 2.68%. 

Conclusion 

Ola Electric's successful ₹780 crore QIP marks a significant fundraising milestone for the company, with the issue attracting strong participation from global and domestic institutional investors.  

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.