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.
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 narrowed to Rs 500 cr; first operating cash flow positive quarter.
Why this matters
Follows Ola Electric's May retail rebound to a 7-month high of 15,139 units and 22% MoM jump in E2W registrations. QIP launch capitalises on improving operational metrics despite YoY revenue decline.
Retail-company signals steady at 1,590 over 90 days, reflecting consistent corporate activity flow.