Ola Electric has allotted over 37 crore partly paid-up equity shares under its ongoing rights issue, increasing the company’s paid-up equity share capital to ₹4,850.57 crore. The allotment was approved by the company’s Rights Issue Committee following the completion of the basis of allotment in consultation with the National Stock Exchange of India (NSE).
37 Crore Shares Allotted at ₹27 Each
According to the company’s announcement dated November 2, 2026, the Rights Issue Committee approved the allotment of 37,02,72,665 partly paid-up equity shares to eligible shareholders on a rights basis.
Key details of the allotment include:
- Total shares allotted: 37,02,72,665
- Issue price: ₹27 per share
- Face value: ₹10 per share
- Share premium: ₹17 per share
- Amount collected on application: ₹16.20 per share
- Remaining payment: Payable through subsequent calls by the company.
Of the ₹27 issue price, shareholders have initially paid ₹16.20 per share, comprising ₹6 towards face value and ₹10.20 towards share premium. The remaining amount will be collected through subsequent payment calls as specified in the company’s letter of offer.
Paid-Up Equity Share Capital Rises to ₹4,850.57 Crore
Following the allotment, Ola Electric’s paid-up equity share capital increased from ₹4,628.41 crore to ₹4,850.57 crore.
The company’s revised equity share capital structure comprises:
- Fully paid-up shares: 4,62,84,08,313 equity shares.
- Partly paid-up shares: 37,02,72,665 equity shares, with ₹6 paid-up per share.
Rights Issue Strengthens Equity Capital Base
The latest allotment marks another step in Ola Electric’s capital-raising process. The partly paid-up structure allows eligible shareholders to subscribe to shares by making an initial payment, with the remaining amount payable through subsequent calls.
The increased paid-up equity capital reflects the latest allotment, while further payments will be collected according to the terms outlined in the company’s letter of offer.
