Ola Electric shares jump over 3% after EV maker raises ₹780 crore via QIP issue

Ola Electric shares jumped more than 3% during the intraday trading session on Friday, June 5, after the two-wheeler electric vehicle (EV) maker raised more than ₹780 crore in funds through a qualified institutional placement (QIP), according to an exchange filing.

In the NSE filing, Ola Electric said that after a meeting on June 4, the fundraising committee of the board has approved the allotment of 21,75,78,428 or over 21.75 crore equity shares with a face value of ₹10 apiece to eligible qualified institutional buyers at an issue price of ₹35.86 per share.

The issue price of ₹35.86 per share marks a discount of 4.98% to the floor price of ₹37.74 per share, as per the exchange filing.

Ola Electric has been able to raise a total of ₹780,23,62,428.08 or more than ₹780 crore from the domestic and global institutional investors through this QIP issue.

As of 10:17 am, Ola Electric shares were trading 1.04% higher at ₹43.77 during the trading session on Friday. June 5, compared to ₹43.32 at the previous market session, according to NSE data. Shares hit an intraday high of ₹44.75 on Friday.

How have Ola Electric shares performed?

Shares of Ola Electric have lost more than 10% in the past one year period, but have delivered over 16% returns so far in 2026, according to the exchange data.

The company’s shares have gained more than 26% in the past one month, and were trading 5.5% higher in the last five market sessions on the Indian stock market, as per NSE data.

The exchange data also showed that Ola Electric shares surged to their 52-week high of ₹71.25 on September 4, 2025, while the 52-week low level was at ₹22.25 on March 26, 2026.

The company’s market capitalisation (m-cap) was at ₹19,292 crore as of the trading session on Friday, June 5.