Ola Electric Mobility has successfully allotted over 37 crore partly paid-up equity shares at an issue price of ₹27 each. This move increases the company's paid-up share capital by approximately ₹222.16 crore, marking a key milestone in its recent fundraising efforts. Shareholders now await the schedule for the first and final call on the remaining balance.
Ola Electric Completes Rights Issue Share Allotment
Allotment: 37,02,72,665 partly paid-up equity shares
Capital Increase: ₹222.16 crore added to paid-up equity capital
Reader Takeaway: Rights issue allotment strengthens liquidity; watch for upcoming first and final call payment notices.
What just happened
Ola Electric Mobility Ltd has concluded the allotment of 37,02,72,665 partly paid-up equity shares following a Rights Issue Committee meeting on November 2, 2026. Shares were issued at a price of ₹27 each, comprising a face value of ₹10 and a premium of ₹17. Currently, applicants have paid ₹16.20 per share, with the remaining balance to be settled during a future first and final call.
Why this matters
The completion of this allotment signals the successful execution of capital raising plans intended to support the company’s ongoing operations and expansion. For shareholders, this represents a formal change in the company's equity structure, as the paid-up share capital has expanded from ₹4,628.41 crore to ₹4,850.57 crore.
Risks to watch
Investors should monitor the company's announcements regarding the "first and final call" timeline. Failure to meet future payment requirements on these partly paid-up shares could lead to forfeiture as per the terms of the issue.
What to track next
Shareholders should keep an eye on upcoming regulatory filings regarding the specific dates for the final installment payment and any further impact on the company’s capital structure as the shares transition to fully paid-up status.