Ola Electric opens Rs 1,500 crore QIP at Rs 37.74 floor, first since 2024 IPO
Ola Electric launched its maiden post-IPO QIP at a Rs 37.74 floor (4.53% discount) to raise Rs 1,500 crore, with proceeds earmarked to repay parent and subsidiary borrowings. The balance-sheet repair comes against an FY26 net loss of Rs 1,833 crore on Rs 2,460 crore revenue, 38.5% gross margin, and 8.88% two-wheeler EV share.
Ola Electric launched its maiden post-IPO QIP at a Rs 37.74 floor (4.53% discount) to raise Rs 1,500 crore, with proceeds earmarked to repay parent and subsidia
Financial Express · BrandWagon · 6/1/2026, 10:45:30 PM · Ask about this →