Ola Electric Rights Issue and AvenuesAI Reverse Stock Split: Last Day to Buy Before the 13 October Record Date, Rs 27 Issue Price, 2 for 25 Ratio, 10 for 1 Consolidation, How It Works and the Risks
- October 12, 2026
- Posted by: Harsh Piplani
- Category: News
Ola Electric rights issue: Rs 27 partly paid, 2 for 25, Rs 999.74 cr, record date 13 Oct, issue 22-30 Oct. AvenuesAI: 10 for 1 share consolidation (Re 1 to Rs 10), record date 13 Oct. Last day to buy: 12 Oct.
Quick Answer
Ola Electric rights issue entitles shareholders on the 13 October record date to two new shares for every 25 held at Rs 27 a share, a price about 26% below the market price of about Rs 36, with 12 October the last day to buy and qualify under T+1 settlement. The issue raises about Rs 999.74 crore from up to 37.03 crore partly paid shares, with Rs 16.20 payable on application and the remaining Rs 10.80 due by 31 October 2027, and the issue opens on 22 October and closes on 30 October, with 26 October the last date to trade the entitlements. AvenuesAI, formerly Infibeam Avenues, has fixed the same record date for a 10 for 1 share consolidation, a reverse stock split that merges 10 shares of face value Re 1 into one share of Rs 10 and does not change the total value of your holding. Neither action is a reason to buy by itself, because a rights issue dilutes holders who do not subscribe and a consolidation only changes the share count and the price per share.
Ola Electric rights issue and the AvenuesAI consolidation are two corporate actions with the same record date, which is why they appear together in the list of stocks to watch before the deadline. Under T+1 settlement, shares must be bought by 12 October to appear in the demat account on the record date of 13 October.
If you hold or plan to buy either stock, this article covers the Ola Electric rights issue terms and an example, what a rights issue does to you, how the AvenuesAI consolidation works, a side-by-side comparison, a checklist for the last day, the risks and what to watch next.
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Ola Electric Rights Issue: Terms at a Glance
| Item | Detail |
|---|---|
| Issue size | Up to 37.03 crore partly paid equity shares, about Rs 999.74 crore if fully subscribed and all calls are paid |
| Issue price | Rs 27 a share (face value Rs 10 plus Rs 17 premium), about 26% below the cited market price of Rs 36.32 |
| Entitlement | 2 rights shares for every 25 fully paid shares held |
| Record date | 13 October 2026; last day to buy is 12 October |
| Issue period | Opens 22 October and closes 30 October |
| Renunciation | Last date for on-market trading of entitlements is 26 October |
| Payment | Rs 16.20 (60%) on application; Rs 10.80 (40%) on the first and final call, on or before 31 October 2027 |
| Share count | Rises from about 462.84 crore to about 499.87 crore if fully subscribed |
| Use of funds | About Rs 350 crore for debt repayment, about Rs 400 crore for organic growth and the rest for general purposes |
The Ola Electric rights issue is partly paid, so you pay only 60% now and the balance is a deferred obligation.
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An Example of the Ola Electric Rights Issue
| Step | Calculation | Result |
|---|---|---|
| Shares held on record date | 100 | Entitled to 8 rights shares (100 times 2 divided by 25) |
| Cost at Rs 27 | 8 times Rs 27 | Rs 216 in total |
| Payable on application | 8 times Rs 16.20 | Rs 129.60 |
| Payable by 31 October 2027 | 8 times Rs 10.80 | Rs 86.40 |
| Theoretical price after the issue | (25 times Rs 36.32 plus 2 times Rs 27) divided by 27 | About Rs 35.6, my simple estimate that ignores the partly paid structure |
The example shows the Ola Electric rights issue effect: the price per share adjusts down slightly, and holders who do not subscribe or sell their entitlements are diluted by about 8%.
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What the Ola Electric Rights Issue Means for Shareholders
- Subscribe: pay Rs 16.20 per share on application and keep your ownership share.
- Sell the entitlement: trade it on the market until 26 October and take its value in cash.
- Do nothing: the entitlement lapses, you are diluted and you may lose the value of the discount.
- Promoter role: Bhavish Aggarwal has said he will subscribe on the same terms, and reports say he pledged a 4.32% stake only to fund this, with no shares being sold.
- Use of funds: debt repayment and growth spending, which matters because about Rs 350 crore is earmarked for debt repayment.
The rights price is below market by design, but the Ola Electric rights issue is still a call on a company whose own business, and not the discount, decides the outcome.
AvenuesAI Reverse Stock Split: How the 10 for 1 Consolidation Works
| Item | Detail |
|---|---|
| Action | Share consolidation, also called a reverse stock split |
| Ratio | 10 existing shares of face value Re 1 become 1 share of face value Rs 10 |
| Record date | 13 October 2026; last day to buy is 12 October |
| Approval | Board approved via circular resolution on 1 October 2026 |
| Effect on value | None in itself: shares fall 10 times and the price adjusts up about 10 times |
| Example | A holder of 1,000 shares at about Rs 16 (Rs 16,000) would hold about 100 shares at about Rs 160, my illustration |
| Shareholder action | None required; the company and depositories handle the conversion |
The AvenuesAI reverse stock split is a technical adjustment, so the share count falls and the price rises while your total holding value is unchanged.
Ola Electric Rights Issue Versus the AvenuesAI Consolidation
| Feature | Ola Electric rights issue | AvenuesAI consolidation |
|---|---|---|
| Type | Raises new capital | Changes share count only |
| Cost to you | Rs 16.20 per share now, if you subscribe | None |
| Dilution | About 8% if you do not take part | None |
| Price effect | Small downward adjustment | Price rises about 10 times |
| Value effect | Depends on how the capital is used | None in itself |
A checklist for the last day: confirm the stock is in your demat by the record date, decide whether to subscribe to the Ola Electric rights issue, and check how your broker handles fractional shares after a consolidation.
Risks Around the Ola Electric Rights Issue and AvenuesAI Reverse Stock Split
Dilution: Holders who do not take part in the Ola Electric rights issue own a smaller share of the company.
Deferred call: The Rs 10.80 balance in the Ola Electric rights issue is due by 31 October 2027 and the board can change the payment schedule.
Business risk: A discount does not change the business, and the Ola Electric rights issue funds a company that plans to use part of the money to repay debt.
Price volatility: Stocks often move sharply around record dates.
Reverse split myth: A consolidation does not create value, and some small stocks fall after a reverse split.
What to Watch Next for the Ola Electric Rights Issue
- The ex-date price adjustment on 13 October for both stocks.
- Rights entitlement trading until 26 October and the issue period from 22 to 30 October.
- The Ola Electric share price against the Rs 27 issue price.
- AvenuesAI’s price after the consolidation takes effect.
- Ola Electric’s Q2 results and how the funds are used.
Conclusion
The Ola Electric rights issue at Rs 27 in a 2 for 25 ratio and the AvenuesAI 10 for 1 reverse stock split share the 13 October record date, so 12 October is the last day to buy. The rights issue dilutes those who do not take part, and the consolidation does not change value. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Ola Electric rights issue ratio and price?
Ans. The Ola Electric rights issue is 2 shares for every 25 held at Rs 27 a share, partly paid, raising about Rs 999.74 crore.
What is the record date?
Ans. 13 October 2026 for both the Ola Electric rights issue and the AvenuesAI consolidation, so 12 October is the last day to buy.
When can I subscribe to the Ola Electric rights issue?
Ans. The issue opens on 22 October and closes on 30 October, and entitlements can be traded until 26 October.
How is the rights price paid?
Ans. Rs 16.20 per share (60%) on application and Rs 10.80 (40%) on the first and final call by 31 October 2027.
What is the AvenuesAI reverse stock split?
Ans. A 10 for 1 consolidation, where 10 shares of Re 1 face value become one share of Rs 10 face value.
Does a reverse stock split change my holding value?
Ans. No. The number of shares falls and the price adjusts up, so the total value is unchanged in itself.
What if I ignore the Ola Electric rights issue?
Ans. The entitlement lapses unless you sell it, and you are diluted by about 8%.
Should I buy before the record date?
Ans. This article does not constitute investment advice. Consult a SEBI-registered financial advisor.
