Electric two-wheeler manufacturer Ola Electric Mobility opened its 1,000 crore rupee rights issue on Thursday, October 22, at an issue price of 27 rupees per share. The fundraising capital structure comprises an issue price of 27 rupees per share, consisting of a face value of 10 rupees and a premium of 17 rupees. Ola Electric confirmed that financial institutional investors Motilal Oswal Financial Services and Calliope Capital Advisors submitted applications for a combined 2.39 crore rights entitlements on the opening day, according to LiveMint. In a regulatory disclosure dated October 22, 2026, the manufacturer noted that both institutional entities applied for the full quantum of entitlements transferred to them by promoter-linked shareholders.
According to the statutory exchange disclosure, promoter group entity ANI Technologies Private Limited renounced 1,28,33,054 rights entitlements in favor of Motilal Oswal Financial Services. Motilal Oswal Financial Services exercised the full allocation by bidding for all 1,28,33,054 rights entitlements transferred to its account. Separately, Indus Trust, acting through trustee Ankush Agarwal, renounced 1,10,22,422 rights entitlements in favor of Calliope Capital Advisors. Calliope Capital Advisors similarly subscribed to the entire allotment, submitting formal application orders for all 1,10,22,422 rights entitlements transferred to it. Cumulatively, the two institutional investors applied for 2,38,55,476 rights entitlements, representing approximately 2.39 crore shares under the rights framework.
Prior to the opening of the rights offering, Ola Electric maintained an outstanding equity capital base of 4,62,84,08,313 equity shares. Upon complete subscription of the rights offering, the total paid-up equity share capital will expand to 4,99,86,80,978 shares.
In secondary market operations, Ola Electric shares fell five percent to reach an intraday low of 31.31 rupees during Thursday trading. The equity previously established a 52-week high of 53.47 rupees in October 2025 alongside a 52-week low of 20.83 rupees in March 2026.
The deemed date of allotment is November 2, 2026, followed by credit of equity shares to demat accounts on November 3, 2026, and listing on NSE and BSE on November 4, 2026, according to Chittorgarh.
