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%.
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 Sachs, BNP Climate Fund and major Indian mutual funds, strengthening the EV maker's capital base.