Ola Electric Raises Rs 780 Crore via QIP, 56% Oversubscribed Above Rs 500 Crore Target

Ola Electric priced its QIP at Rs 35.86 per share, allotting 21.8 crore shares to institutional investors including Mirae Asset, Motilal Oswal and JM Financial. Proceeds will shore up the balance sheet and fund manufacturing scale-up to 6 GWh by FY27, against a Q4 net loss of Rs 500 crore on Rs 265 crore revenue.

Ola Electric priced its QIP at Rs 35.86 per share, allotting 21.8 crore shares to institutional investors including Mirae Asset, Motilal Oswal and JM Financial.

NDTV Profit · 6/4/2026, 5:12:24 PM · Ask about this →

Ola Electric + JM Financial Mutual Fund + Mirae Asset + Motilal Oswal +