Ola Electric Shares Fall 3% After Rs. 500 Crore QIP Launch; May 2026 EV Registrations Surge 23%

On Tuesday's trading Ola Electric shares came under selling pressure after the electric vehicle maker launched a Qualified Institutional Placement (QIP) to raise up to Rs. 500 crore.

Ola Electric share price declined nearly 3% during early trade, and at around 10:20 am, Ola Electric shares were trading at Rs. 38.66 apiece on the NSE, down by 2.5%. The broader market was also weak, with the Nifty 50 index trading below 23,307, down around 0.32%, while the Sensex remained under pressure below the 74,100 mark.

Ola Electric Launches Rs. 500 Crore QIP

Ola Electric Mobility has officially opened its Qualified Institutional Placement issue to raise approximately Rs. 500 crore from institutional investors. The issue comprises nearly 13.9 crore equity shares.

A QIP, or Qualified Institutional Placement, is a fundraising mechanism through which listed companies issue shares or convertible securities exclusively to Qualified Institutional Buyers (QIBs), including mutual funds, insurance companies, banks, and foreign institutional investors.

According to the company's exchange filing, the floor price for the QIP has been fixed at Rs. 37.74 per share. Ola Electric has also indicated that it may offer a discount of up to 5% on the floor price at its discretion.

The expression of interest period is scheduled to close on June 2, although the company has the flexibility to close the issue earlier depending on investor demand. Pricing of the issue is expected on June 4, while share allotment and credit are likely to be completed by June 8. The newly allotted shares are expected to begin trading on June 9, subject to regulatory and exchange approvals.

Ola Electric Q4 FY26 Results

Ola Electric announced the release of its Q4 FY26 results on May 18, 2026. The company reported a net loss of Rs. 500 crore in the fourth quarter of FY26, compared to a loss of Rs. 870 crore in the corresponding quarter of the previous year.

However, revenue from operations declined sharply by 56% year-on-year to Rs. 265 crore, compared to Rs. 611 crore reported during the same period last year. Despite the decline in revenue, the company managed to improve profitability metrics.

Ola Electric's EBITDA loss narrowed majorly to Rs. 281 crore from Rs. 695 crore a year ago.

Ola Electric also reported its May 2026 sales performance, with vehicle registrations rising to 15,139 units, compared to 12,323 units in April, marking a 23% month-on-month growth. The company said this was the third consecutive month of volume growth, indicating improving demand for its electric two-wheelers