Ola Electric Mobility Confirms QIB Placement Closure and Equity Share Allocation
Ola Electric Mobility Ltd has finalized the placement of equity shares to Qualified Institutional Buyers (QIBs), confirming the allocation details following a meeting of its Fund Raising Committee on June 4, 2026. The company confirmed the closure of the issue after receiving application forms and funds from eligible QIBs.The board approved the allocation of 217,578,428 Equity Shares. The placement was executed at an issue price of ₹35.86 per Equity Share.
The pricing structure details indicate that the issued price incorporated a premium of ₹25.86 per Equity Share and reflected a discount of 4.98 percent against the floor price of ₹37.74 per Equity Share.
Key financial metrics regarding the recent Qualified Institutions Placement (QIP) are as follows:
| Metric | Value |
|---|---|
| Total Shares Allocated | 217,578,428 |
| Issue Price per Share | ₹35.86 |
| Premium per Share | ₹25.86 |
| Floor Price per Share | ₹37.74 |
| Discount Rate (on floor price) | 4.98% |
The placement document related to the issue, which was adopted by the Fund Raising Committee on June 4, 2026, provides further details on the transaction. The meeting of the Fund Raising Committee commenced at 07:30 p.m. and concluded at 07:45 p.m. IST.
OLAELEC Stock Price Movement
Shares of Ola Electric Mobility Limited today slipped by 1.55% to settle at ₹43.32. The stock saw heavy activity throughout the session, trading within a range bounded by a daily low of ₹42.82 and a high of ₹45.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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