Key facts
- Ola Electric raised Rs 780 crore via QIP.
- The QIP issue was oversubscribed by 56%.
- Mirae Asset received the largest allocation of 15.38%.
- Motilal Oswal received 9.61% of the allocation.
Ola Electric successfully raised Rs 780 crore through its Qualified Institutional Placement (QIP). The issue saw a significant oversubscription of 56%. Mirae Asset emerged as the largest investor, securing 15.38% of the allocation across multiple tranches. Motilal Oswal was another key investor, receiving 9.61% of the placement. The strong response came despite volatile equity markets and signals continued institutional confidence in Ola Electric's growth strategy, technology roadmap and positioning within India's electric vehicle sector.