The issue received bids worth about ₹780 crore, with demand from long-only investors, including global names such as Goldman Sachs and BNP Climate Fund, alongside Indian mutual funds such as Motilal Oswal Mutual Fund, Mirae Asset Mutual Fund, Kotak Mahindra Mutual Fund, JM Financial Mutual Fund, and Baroda BNP Paribas Mutual Fund, among others.
Also, its Fund Raising Committee has approved the closure of its qualified institutional placement (QIP) issue following receipt of application forms and funds from eligible qualified institutional buyers (QIBs).
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The committee approved the allocation of 21.76 crore equity shares at an issue price of ₹35.86 per share, including a premium of ₹25.86 per share. The issue price reflects a discount of 4.98%, or ₹1.88 per equity share, to the floor price of ₹37.74 per share.
The company also approved the final confirmation of allocation notes to be sent to eligible QIBs for the allocation of equity shares under the issue. In addition, the Fundraising Committee approved and adopted the placement document dated June 4, 2026, in connection with the QIP issue.
Shares of Ola Electric Mobility Ltd ended at ₹43.29, down by ₹0.55, or 1.25%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
