Ola Electric closes ₹780 cr QIP, oversubscribed 56% with Goldman, BNP Climate, top Indian MFs in
Ola Electric Mobility wrapped a ₹780 crore QIP, oversubscribed 56%, allotting 21.76 crore shares at ₹35.86 — a 4.98% discount to the ₹37.74 floor. Goldman Sachs, BNP Climate Fund and Motilal Oswal, Mirae, Kotak, JM and Baroda BNP Paribas mutual funds anchored the book. Stock closed ₹43.29, down 1.25%.
What happened
Ola Electric closed its QIP raising ₹780 crore, oversubscribed 56%, allotting 21.76 crore shares at ₹35.86 (4.98% discount to floor). Investors included Goldman
Key facts
- ₹780 crore raised
- QIP oversubscribed 56%
- 21.76 crore shares allotted
- issue price ₹35.86
- floor price ₹37.74
- 4.98% discount
- shares closed ₹43.29 down 1.25%
Why this matters
Fresh ₹780 cr balance sheet capacity opens optionality for battery-tech tuck-ins, charging infra JVs or distressed two-wheeler EV asset buys as the sector consolidates.