Ola Electric Mobility Limited has successfully concluded its Qualified Institutions Placement (QIP), raising ₹780.24 crore. The Fund Raising Committee of the Board, in its meeting held on June 4, 2026, approved the allotment of 217,578,428 equity shares of face value ₹10 each at an issue price of ₹35.86 per share. This price includes a premium of ₹25.86 per share and accounts for a discount of 4.98% (₹1.88 per share) to the floor price of ₹37.74 per share, determined as per SEBI ICDR Regulations. The QIP issue opened on June 1, 2026, and closed on June 4, 2026. Following this allotment, the company's paid-up equity share capital has increased to ₹46,284,083,130, comprising 4,628,408,313 equity shares. The announcement also includes a list of allottees who have been allocated more than five percent of the equity shares offered in the issue, such as Mirae Asset Large & Midcap Fund and Motilal Oswal Small Cap Fund. The detailed disclosures as per Regulation 30 of the Listing Regulations are enclosed.
