Ola Electric launches QIP at ₹37.74 floor price as market share slips
Ola Electric opened a qualified institutional placement at a ₹37.74/share floor with up to 5% discount, seeking fresh capital amid share losses to Bajaj and TVS. Management flagged Q1FY27 registrations of 22,600 already topping Q4FY26's 22,221 units, with 40,000-45,000 orders and ₹500-550 cr revenue guided.
Ola Electric opened a QIP at a floor price of ₹37.74/share with up to 5% discount option, raising fresh capital amid market-share decline. Q1FY27 registrations already exceed Q4FY26, with revenue guidance of ₹500-550 crore.
Why this matters
Follows Ola's narrowed Q4 loss of ₹500 cr and May retail rebound to a 7-month high of 15,139 units. QIP signals urgency to fund operations as Bajaj and TVS overtake in E2W share.
Retail-company signals steady at 1,592 over 90 days, reflecting sustained competitive activity.