The Fund Raising Committee meeting was held on June 1, 2026, from 5:30 PM to 5:45 PM.
The committee approved: (a) Authorizing the opening of the QIP on June 1, 2026; (b) Adopting the preliminary placement document dated June 1, 2026, and application forms for qualified institutional buyers; (c) Setting the floor price at ₹37.74 per equity share of face value ₹10 each.
Pricing Details
Floor price of ₹37.74 per equity share calculated as per Regulation 176(1) of SEBI ICDR Regulations.
Relevant date for floor price determination is June 1, 2026, as per Regulation 171(b)(i) of SEBI ICDR Regulations.
Company may offer a discount of not more than 5% on the floor price.
Final issue price will be determined in consultation with book running lead managers.
Regulatory Background
Board approval obtained on October 25, 2025.
Special resolution passed by members via postal ballot on November 27, 2025.
Compliance with SEBI ICDR Regulations and Sections 42 and 62(1)(c) of Companies Act, 2013.
Additional Information
Preliminary placement document will be filed with NSE and BSE.
Intimation will be hosted on company website: www.olaelectric.com.
Trading window for company securities remains closed until 48 hours after determination of issue price, as per company's Code of Conduct for Prevention of Insider Trading.
