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Ola Electric QIP Fetches Rs 780 Crore As EV Maker's Issue Gets 56% Oversubscription
Mirae Asset received the highest allocation of 15.38% through multiple allocations followed by Motilal Oswal which received 9.61%.
Ola Electric Mobility closes QIP, raises ₹780 crore; issue oversubscribed 56%
Shares of Ola Electric Mobility Ltd ended at ₹43.29, down by ₹0.55, or 1.25%, on the BSE.
Ola's Parent Now Worth Less Than The Ola Electric Shares It Holds After 99% Valuation Cut
Perhaps the biggest blow for Ola has come in the form of WestBridge Capital-backed Rapido, which has claimed market share and is currently the biggest ride-hailing app in India, alongside Uber.
JBM Auto shares climb 5% as it leads India's electric bus market in May with 49% share
JBM Auto shares climbed over 5% after the company emerged as India's leading electric bus manufacturer in May 2026, capturing a 49% market share. Strong registration growth, expanding electric mobility adoption and sustained leadership in the EV bus segment boosted investor sentiment, while the stock continued to display positive technical momentum.
From BS-IV to BS-VI: Cabinet nod for cleaner mobility in Delhi-NCR
The Union Cabinet has approved a new scheme to replace old trucks and buses in Delhi-NCR. This initiative aims to significantly reduce air pollution in the region. Owners of older vehicles can get incentives to switch to cleaner BS-VI or electric vehicles. The scheme will benefit over two lakh vehicle owners and involves financial support and tax concessions.
Ola Electric share price falls 2% as QIP issue priced at a discount. Do you own?
Electric two-wheeler manufacturer Ola Electric opened at ₹38.40 apiece today, as compared to previous close of ₹39.53 on BSE. Here's QIP details, along with share price trend.
Ola Electric shares fall nearly 4% as firm launches QIP to raise funds. Check floor price, other details
Ola Electric's shares dipped 3.5% after approving a qualified institutional placement (QIP) with a floor price of Rs 37.74 per equity share. The company aims to raise capital from institutional investors, while its Q4 net loss narrowed to Rs 500 crore. Despite revenue decline, Ola Electric anticipates order recovery and positive EBITDA in FY27.
Pre-Market Update: Sensex, Nifty 50 Likely to Open Weak; Ola Electric, Wipro, NHPC Among Stocks in Focus - Dalal Street Investment Journal
Pre-Market Update: Sensex, Nifty 50 Likely to Open Weak; Ola Electric, Wipro, NHPC Among Stocks in FocusDalal Street Investment Journal
Stocks to Watch, June 2: NHPC, Alkem Labs, Wipro, Paytm, Ola Electric
Stocks to Watch, June 2: L&T, Anant Raj, Ola Electric, Paytm, Alkem Labs among shares to remain on investors' and traders' radar today
Stocks to watch: Ola Electric, Wipro, NHPC, Axis Bank among 10 shares in focus today; check list here - Mint
Stocks to watch: Ola Electric, Wipro, NHPC, Axis Bank among 10 shares in focus today; check list hereMint
Stocks in news: Ola Electric, Eicher Motors, Axis Bank, Anant Raj, Wipro
Markets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP issue, Eicher Motors reported a 15% sales rise, and Axis Bank increased its stake in Axis Max Life Insurance.
Ola Electric opens QIP, sets floor price at Rs 37.74/share
Ola Electric Mobility has approved its qualified institutional placement (QIP), setting a floor price of ₹37.74 per equity share. This fundraising initiative aims to bolster the company amidst slowing sales and market share pressures in the electric two-wheeler sector. The move follows a recent ₹2,000 crore investment into its subsidiaries for enhanced localization and vertical integration.