Ola Electric Mobility has officially approved a rights issue of up to ₹1,000 crore, setting the issue price at ₹27 per equity share to raise capital ahead of its upcoming schedule, according to Sahi. The offering includes 37,02,72,665 rights equity shares with a face value of ₹10 each and a premium of ₹17 per share. Eligible shareholders appearing on the register by the October record date will receive a rights entitlement ratio of two shares for every 25 shares held.
The capital-raising initiative follows recent share price volatility for the electric vehicle manufacturer, which closed 1.83% higher at ₹35.13 per share on the BSE following a previous session decline. The upcoming corporate action is expected to expand the company's outstanding share count significantly, altering its equity base if fully subscribed.
The board has established Tuesday, October 13, 2026, as the record date to determine shareholder eligibility for the corporate action. Consequently, investors seeking to qualify for the rights entitlement must purchase the stock by Monday, October 12, 2026.
The rights issue is scheduled to open for subscription on Thursday, October 22, 2026, and will remain open for approximately a week, closing on Friday, October 30, 2026. The structured timeline gives market participants a defined window to exercise their entitlements or trade rights in the secondary market.
Prior to the capital infusion, Ola Electric's outstanding equity stood at 4,62,84,08,313 shares. Full subscription of the 37.03 crore newly offered shares will lift the total outstanding equity base to 4,99,86,80,978 shares.
The issuance is structured in strict compliance with the Companies Act, 2013, alongside the regulatory guidelines mandated by the Securities and Exchange Board of India under the Issue of Capital and Disclosure Requirements Regulations, 2018. Management intends to deploy the proceeds in alignment with corporate growth objectives as the firm navigates broader market pressures, having recorded a 13% decline over three months and a 30% drop over the past year.
A rights offering gives eligible holders an opportunity to buy additional shares, usually within a defined record-date and subscription window. The announced ₹27 price should be considered alongside the rights ratio, outstanding shares and expected dilution rather than compared with the market price in isolation. Investors who do not participate may see their percentage ownership diluted; the economic outcome also depends on whether rights entitlements can be traded and what value the company creates with the proceeds. The key documents are the offer letter, record date, allotment mechanism and stated use of funds. A proposed fundraising target is not the same as money already received, and none of these mechanics guarantees an investment return.
