Athira Sethu
Kochi, 5 June 2026
Ola Electric attracted investor attention after successfully raising more than ₹780 crore through a qualified institutional placement (QIP). The electric two-wheeler maker allotted over 21.75 crore equity shares to qualified institutional buyers, strengthening its capital base with participation from domestic and global institutional investors. The fundraising announcement came as the stock continued its recent upward momentum, extending gains recorded over the past month and year-to-date period.
QIP Fundraising Details
| Metric | Value |
| Funds Raised | ₹780.24 crore |
| Equity Shares Allotted | 21.75 crore shares |
| Face Value per Share | ₹10 |
| Issue Price | ₹35.86 per share |
| Floor Price | ₹37.74 per share |
Share Price Snapshot
| Metric | Value |
| Previous Close | ₹43.32 |
| Trading Price (10:17 am, June 5) | ₹43.77 |
| Intraday Gain | 1.04% |
| Intraday High | ₹44.75 |
Stock Performance
| Period | Return |
| Past 5 Trading Sessions | 5.5% |
| Past 1 Month | 26%+ |
| Year-to-Date (2026) | 16%+ |
| Past 1 Year | -10%+ |
52-Week Trading Range
| Metric | Value |
| 52-Week High | ₹71.25 |
| Date of High | September 4, 2025 |
| 52-Week Low | ₹22.25 |
| Date of Low | March 26, 2026 |
Company Valuation
| Metric | Value |
| Market Capitalisation | ₹19,292 crore |
| Date | June 5, 2026 |
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