Ola Electric pulls in Rs 780 Cr QIP, oversubscribed 56% with Goldman, top MFs piling in

First post-listing equity raise lands at Rs 35.86/share, below floor, but books were 1.56x covered. Goldman Sachs, BNP Climate Fund and four marquee Indian MFs anchor the round. Proceeds fund debt paydown and growth as Q4 loss narrows to Rs 500 Cr — though revenue halved YoY to Rs 265 Cr.

— Source publishedFri, 5 Jun, 2026, 01:16 IST·First seen Fri, 5 Jun, 2026, 01:27 IST·Source YourStory

What happened

Ola Electric raised Rs 780 crore via QIP, oversubscribed 56%, with participation from Goldman Sachs and major Indian mutual funds. First major equity raise

Key facts

  • Rs 780 crore QIP
  • oversubscribed 56%
  • 21.76 crore shares at Rs 35.86
  • floor price Rs 37.74
  • Q4FY26 net loss Rs 500 cr vs Rs 870 cr YoY
  • Q4 revenue Rs 265 cr vs Rs 611 cr YoY

Why this matters

Oversubscribed institutional demand despite below-floor pricing reframes EV mobility fundraises as buyer's-market deals where strategic anchors set terms.

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