OLAELECOLA Electric Mobility Ltd.
Ola Electric Mobility allots partly paid rights shares at ₹27 issue price
- Capital raise
- electric two-wheelers
Reviewed byRachit TripathiBlacklitt Research
Ola Electric Mobility (NSE: OLAELEC) allotted 37,02,72,665 partly paid-up equity shares on a rights basis, at an issue price of ₹27 a share, it said in a filing on 02 Nov 2026. The Rights Issue Committee approved the allotment at its meeting that day.
Key highlights
- Partly paid-up equity shares allotted: 37,02,72,665
- Issue price: ₹27 per share, including a premium of ₹17
- Paid on application: ₹16.20 per share, including a premium of ₹10.20
- Allotment approved: 02 Nov 2026
- Paid-up capital after allotment: ₹485.06 crore
The allotment in numbers
| Item | Detail |
|---|---|
| Securities | Partly paid-up equity shares of the company |
| Shares allotted | 37,02,72,665 partly paid-up equity shares of face value ₹10 each |
| Issue price | ₹27 per share, including a premium of ₹17 |
| Paid on application | ₹16.20 per share, including a premium of ₹10.20 |
| Balance | Payable on a first and final call, as defined in the Letter of Offer |
| Paid-up capital | Increased from ₹462.84 crore to ₹485.06 crore |
| Cancellation | Not applicable |
Allotment follows the Board's approvals in September and October
The Board approved the offer and issue of the partly paid-up rights equity shares at its meeting on 28 Sep 2026, and approved the terms of the issue and the Letter of Offer at its meeting on 07 Oct 2026.
The allotment was finalised in consultation with the designated stock exchange, National Stock Exchange of India Limited. The Rights Issue Committee met on 02 Nov 2026 from 08:00 p.m. to 08:15 p.m. to approve it.
Shares paid up at ₹16.20, with the balance on call
Each share was allotted with ₹16.20 paid on application, which includes a premium of ₹10.20. The balance amount is payable on a first and final call, as defined in the Letter of Offer.
After the allotment, the company has 4,62,84,08,313 fully paid-up equity shares of ₹10 each, alongside 37,02,72,665 partly paid-up shares of ₹6 paid up each.
What the allotment means for Ola Electric Mobility's shareholders
The allotment raises the paid-up equity share capital from ₹462.84 crore to ₹485.06 crore. Holders of the partly paid shares will pay the balance when the first and final call is made. The filing does not state the total amount the rights issue raises, the use of the proceeds, the date or amount of the call, or how many shareholders applied.
Filed with NSE on . Reference: Original filing (PDF)
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