Ola Electric stock under pressure as company launches fourth equity raise in two years via rights issue priced at Rs 27, far below IPO price

Thu 8 Oct 2026

Rights issue price

Rs 27

IPO price

Rs 76

June QIP price

Rs 36

Pending QIP size

1500 crore rupees

Cumulative equity capital raised

more than Rs 4000 crore

Heard on business television between 12:47:26 - 12:50:26 IST.

• Ola Electric approved a QIP of 1500 crore that hasn't been launched yet, alongside a rights issue priced at Rs 27.
• This marks the fourth equity raise in the last two years; IPO price was Rs 76, fell to Rs 36 in the June QIP, now at Rs 27.
• Analyst Chokalingam called the situation unfortunate, noting cumulative equity mobilization of over Rs 4000 crore, much more than annual revenue.
• He said competing two-wheeler fuel players are generating thousands of crores in cash profit, making it tough for a standalone EV player to compete, and advised caution on the stock.

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