Ola Electric QIP opens, floor price set at ₹37.74 per share

The stock settled at ₹39.53 apiece on June 1. The company also said that it may offer a discount of up to 5% on the floor price.

The issue price will be fixed by the company in consultation with the book running lead managers appointed in relation to the Issue, Ola Electric said.

Meanwhile, Ola Electric's registrations saw an uptick of 23% month-on-month (MoM) to 15,139 units in May 2026 from 12,323 units in April, according to VAHAN data.

The company's performed better than the broader electric two-wheeler industry, whose volumes grew by 15% MoM, Ola Electric said in a statement.

This is a third straight month of string sales recovery, which comes on the back of a front-end retail rejig and better operational execution, as Ola's two-wheeler electric vehicle portfolio bounces back amid petrol price hike, marking a broader market shift to electric vehicles, it added.

"Ola Electric has delivered its third consecutive month of growth, with May registrations rising 23% month-on-month and significantly outpacing industry growth," said an Ola Electric spokesperson.

The strong demand environment, combined with increasing traction for its Roadster portfolio, has helped us maintain the growth momentum, he said, adding that "we remain focused on accelerating EV adoption through innovative products, technology leadership, and scale".

The company narrowed its consolidated net loss to ₹500 crore in the March quarter of FY26 from a ₹870 crore loss a year back.

Revenue from operations slid 56.62% to ₹265 crore in the quarter under review from ₹611 crore in the same period last year.

Ola Electric posted an EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss of ₹82.2 crore for Q4 FY26 as against an EBITDA profit of ₹6.5 crore a year ago.