Ola Electric jumps 10% post ₹780 Cr QIP as new-age tech rally lifts sentiment

Ola Electric surged 10% intraday to ₹49.01, taking m-cap to ₹22,475 Cr, days after closing a ₹780.24 Cr QIP at ₹35.86/share — 56% oversubscribed and backed by Goldman, Mirae, Motilal Oswal and SocGen. Proceeds target debt repayment and growth. FY26 loss narrowed 20% to ₹1,833 Cr though revenue halved to ₹2,460 Cr.

— Source publishedTue, 9 Jun, 2026, 13:24 IST·First seen Tue, 9 Jun, 2026, 13:27 IST·Source Inc42

What happened

Ola Electric shares jumped 10% intraday amid a new-age tech stock rally, days after raising ₹780 Cr via QIP at a 5% discount. Funds will repay debt, support

Key facts

  • +10% intraday
  • ₹49.01 high
  • ₹22,475.5 Cr m-cap
  • ₹780.24 Cr QIP
  • 21.75 Cr shares at ₹35.86
  • 56% oversubscribed
  • FY26 net loss ₹1,833 Cr
  • FY26 revenue ₹2,460 Cr

Why this matters

Strengthened balance sheet and tier-1 institutional backing position Ola Electric to consolidate weaker EV peers or strike battery/component partnerships from a less distressed footing.