Ola Electric rights issue: shareholders on record on 13 October get 2 shares for every 25 at ₹27
Ola Electric Mobility's ₹999.74 crore rights issue is priced at ₹27 a share, with 2 new shares for every 25 held on the 13 October 2026 record date. Issue opens 22 October and closes 30 October.
Ola Electric Mobility Limited has set the terms of a rights issue worth ₹999.74 crore. A rights issue is an offer of new shares to existing shareholders, in proportion to what they already hold, usually at a fixed price. Shareholders whose names are on the company’s books on the record date (the cut-off date that decides who is eligible), 13 October 2026, are entitled to 2 new shares for every 25 fully paid-up shares they hold. The price is ₹27 per share. The offer is open from 22 October to 30 October 2026, according to reports of the company’s announcement.
Key terms
| Item | Detail |
|---|---|
| Issue size | ₹999.74 crore |
| Shares offered | 37,02,72,665 partly paid-up equity shares of face value ₹10 each |
| Price | ₹27 per share (₹10 face value plus ₹17 premium) |
| Entitlement ratio | 2 new shares for every 25 fully paid-up shares held |
| Record date | Tuesday, 13 October 2026 |
| Issue opens | Thursday, 22 October 2026 |
| Trading of rights entitlements ends | Monday, 26 October 2026 |
| Issue closes | Friday, 30 October 2026 |
| Rights entitlement ISIN | INE0LXG20016 |
The entitlement ratio is the number of new shares a holder can apply for against shares already held. A rights entitlement (RE) is the right to apply for those shares; it is credited to demat accounts and can be traded on the exchanges until the date shown above, or left unused.
How the ₹27 is paid
The new shares are partly paid. Of the ₹27, ₹16.20 per share (60%) is payable when applying. The remaining ₹10.80 per share (40%) is payable as a first and final call, which the reports say is due by 31 October 2027. A call is a later demand by the company for the unpaid part of the price. The reports note the board can adjust the timing of the call, and that missing a payment can have consequences set out in the offer documents.
Background
The board approved a rights issue of up to ₹1,000 crore on 28 September 2026, with price, ratio and dates to be fixed later. The BSE and NSE gave their in-principle approvals on 6 October 2026. On full subscription, the company’s outstanding shares would rise to 4,99,86,80,978, according to Whalesbook.
Basis of these figures
Figures are from Equity Bulls and Whalesbook reports of the company’s announcement, and Inc42 independently confirms the price, ratio, record date, issue dates, 26 October renunciation date, 60/40 split and 28 September board date. The reports agree on the price (₹27), the ratio (2 for 25), the share count (37,02,72,665), the size (₹999.74 crore), the record date and the issue dates. The ISIN and premium are from Equity Bulls alone; the post-issue share count is from Whalesbook. The size matches the share count times ₹27. The company’s exchange filing and letter of offer were not opened for this article, so these are secondary reports. This article reports the announced terms only and carries no view on the issue or on the company’s shares.