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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 Electric raises Rs 780 crore via QIP, issue oversubscribed 56%
The strong response came despite volatile equity markets and signals continued institutional confidence in Ola Electric's growth strategy, technology roadmap and positioning within India's electric vehicle sector.
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 shares under pressure after QIP bid for fresh funds
The stock opened down 3 per cent at ₹38.50 on the National Stock Exchange and touched a low of ₹38.08 before trimming some losses.
Ola Electric slips as company launches QIP, sets floor price at Rs 37.74
Ola Electric Mobility fell 1.34% to Rs 39 after the electric vehicle maker announced the launch of a qualified institutions placement (QIP) to raise funds from institutional investors.
Ola Electric shares drop 4% as company launches QIP to raise funds
Ola Electric has announced the opening of opened its QIP issue at a floor price of ₹37.74 per share as it moves ahead with plans to raise up to ₹1,500 crore.
May Auto Sales: EV Penetration Hits New Highs As Fuel Price Shock Sparks Rush
Brokerages like Nomura and HSBC see rising fuel prices accelerating India's shift towards electric mobility
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.