Ola Electric opens QIP at Rs 37.74 floor, 9.3% discount as Q4 loss narrows to Rs 500 cr
Ola Electric launched a QIP on June 1 with floor price Rs 37.74 and indicative Rs 35.86 (9.3% discount to Rs 39.53 close), pricing June 4, allotment June 8 with 60-day lockup. Q4FY26 revenue fell 56% YoY to Rs 265 cr but the company turned operating cash flow positive for the first time. Guides Q1FY27 revenue Rs 500-550 cr on 40-45k orders.
What happened
Ola Electric opened a QIP on June 1, 2026 with a floor price of Rs 37.74 (indicative Rs 35.86, 9.3% discount), pricing June 4, allotment June 8. Q4FY26 loss
Key facts
- floor price Rs 37.74
- indicative price Rs 35.86
- 9.3% discount
- Rs 39.53 close
- Q4 net loss Rs 500 cr
- Q4 revenue Rs 265 cr (-56% YoY)
- FY27 capacity 6 GWH
- Q1FY27 revenue Rs 500-550 cr
- Q1FY27 orders 40-45k
- 60-day lockup
Why this matters
Ola Electric's capital raise at a discount alongside narrowing losses creates a window to evaluate partnership, supply, or consolidation plays in two-wheeler EV as weaker peers face tighter funding.