{"id":324696,"date":"2026-10-22T15:58:38","date_gmt":"2026-10-22T10:28:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324696"},"modified":"2026-10-22T15:58:38","modified_gmt":"2026-10-22T10:28:38","slug":"ola-electric-rights-issue-opens-today-who-are-the-investors-applying","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/","title":{"rendered":"Ola Electric Rights Issue Opens Today: Who Are the Investors Applying?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Ola Electric rights issue opened on 22 Oct 2026 at Rs 27 a share, aiming to raise Rs 999.74 crore through 37,02,72,665 shares in a ratio of 2 for every 25 held. Filings on the first day show Motilal Oswal Financial Services and Calliope Capital Advisors LLP applying for renounced entitlements. The stock traded at Rs 31.94, down 3.36%, at 3:45 PM IST.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Ola Electric rights issue is priced at Rs 27 a share, about 15.5% below the market price of Rs 31.94, and runs from 22 Oct to 30 Oct 2026. Two investors have been named on day one: Motilal Oswal Financial Services applied for 1,28,33,054 renounced entitlements and Calliope Capital Advisors LLP for 1,10,22,422. Together that is 2,38,55,476 entitlements, about 6.4% of the issue or roughly Rs 64.4 crore at Rs 27 by my calculation. The money will mainly repay debt and fund growth, but the company is still loss-making, so shareholders should weigh the risk before applying.<\/p>\n<\/p><\/div>\n<p>Ola Electric rights issue is the company&#8217;s attempt to raise close to Rs 1,000 crore from existing shareholders at a price below the market. The first-day filings have drawn interest because they show outside investors buying the right to subscribe from existing holders, and the market has pushed the price of that right down sharply.<\/p>\n<p>This article on Ola Electric rights issue covers the terms, the dates, the investors named so far, how the funds will be used, the valuation and the risks. It is educational and not a recommendation to apply or to sell your entitlement.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=ola-electric-rights-issue-opens-today-who-are-the-investors-applying\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Ola_Electric_Rights_Issue_Terms_at_a_Glance\" title=\"Ola Electric Rights Issue: Terms at a Glance\">Ola Electric Rights Issue: Terms at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Ola_Electric_Rights_Issue_Timetable\" title=\"Ola Electric Rights Issue Timetable\">Ola Electric Rights Issue Timetable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Who_Are_the_Investors_Applying_in_the_Ola_Electric_Rights_Issue\" title=\"Who Are the Investors Applying in the Ola Electric Rights Issue?\">Who Are the Investors Applying in the Ola Electric Rights Issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#How_Ola_Electric_Will_Use_the_Rights_Issue_Money\" title=\"How Ola Electric Will Use the Rights Issue Money\">How Ola Electric Will Use the Rights Issue Money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Ola_Electric_Share_Price_and_the_Rights_Entitlement\" title=\"Ola Electric Share Price and the Rights Entitlement\">Ola Electric Share Price and the Rights Entitlement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Ola_Electric_Rights_Issue_Valuation_and_Business_Risk\" title=\"Ola Electric Rights Issue: Valuation and Business Risk\">Ola Electric Rights Issue: Valuation and Business Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Should_Shareholders_Apply_to_the_Ola_Electric_Rights_Issue\" title=\"Should Shareholders Apply to the Ola Electric Rights Issue?\">Should Shareholders Apply to the Ola Electric Rights Issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#What_to_Watch_Next_on_the_Ola_Electric_Rights_Issue\" title=\"What to Watch Next on the Ola Electric Rights Issue\">What to Watch Next on the Ola Electric Rights Issue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#What_are_the_terms_of_the_Ola_Electric_rights_issue\" title=\"What are the terms of the Ola Electric rights issue?\">What are the terms of the Ola Electric rights issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Who_has_applied_in_the_Ola_Electric_rights_issue\" title=\"Who has applied in the Ola Electric rights issue?\">Who has applied in the Ola Electric rights issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#When_does_the_Ola_Electric_rights_issue_close\" title=\"When does the Ola Electric rights issue close?\">When does the Ola Electric rights issue close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#How_will_Ola_Electric_use_the_money\" title=\"How will Ola Electric use the money?\">How will Ola Electric use the money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Can_I_buy_Ola_Electric_shares_now_to_apply_in_the_rights_issue\" title=\"Can I buy Ola Electric shares now to apply in the rights issue?\">Can I buy Ola Electric shares now to apply in the rights issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#What_happens_if_I_do_not_apply_to_the_Ola_Electric_rights_issue\" title=\"What happens if I do not apply to the Ola Electric rights issue?\">What happens if I do not apply to the Ola Electric rights issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#What_is_the_Ola_Electric_share_price_compared_with_the_rights_issue_price\" title=\"What is the Ola Electric share price compared with the rights issue price?\">What is the Ola Electric share price compared with the rights issue price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ola_Electric_Rights_Issue_Terms_at_a_Glance\"><\/span><strong>Ola Electric Rights Issue: Terms at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: term<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 27 per share, face value Rs 10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Number of shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">37,02,72,665<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 999.74 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rights ratio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2 shares for every 25 held on the record date<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Registrar<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MUFG Intime India<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rights entitlement ticker<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">OLAELEC-RE<\/td>\n<\/tr>\n<\/table>\n<p>A rights issue gives existing shareholders the first claim on new shares at a set price. In this Ola Electric rights issue, a holder of 25 shares on the record date can buy 2 more at Rs 27. Shareholders who do not want to apply can sell their rights entitlement in the market until the last day of renunciation. The 37,02,72,665 new shares at a ratio of 2 for 25 imply about 462.8 crore existing shares (my calculation).<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track new-age and auto stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ola_Electric_Rights_Issue_Timetable\"><\/span><strong>Ola Electric Rights Issue Timetable<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: event<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last date to buy shares to be eligible<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rights entitlements credited<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue opens<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last date for renunciation of entitlements<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue closes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Deemed allotment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2 Nov 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Shares credited to demat accounts<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3 Nov 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4 Nov 2026<\/td>\n<\/tr>\n<\/table>\n<p>The window for the Ola Electric rights issue is short: the issue is open for 8 days from 22 Oct, and the right to sell an entitlement ends on 26 Oct, four days before the close. A shareholder who wants to apply should do so before 30 Oct through the broker or the ASBA facility of the bank. Eligibility was fixed on the record date, so buying the stock now does not give a right to apply in this Ola Electric rights issue.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow rights issue dates and stock alerts.<\/em><\/p>\n<p><strong>Risk:<\/strong> The payment terms are reported differently, with one source showing Rs 27 due on application and another showing Rs 16.20 (60%) on application with the balance in calls. Check the Letter of Offer before applying.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Are_the_Investors_Applying_in_the_Ola_Electric_Rights_Issue\"><\/span><strong>Who Are the Investors Applying in the Ola Electric Rights Issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: applicant<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Entitlements applied for<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Renounced by<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal Financial Services<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,28,33,054<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ANI Technologies<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Calliope Capital Advisors LLP<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,10,22,422<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Indus Trust (trustee Ankush Agarwal)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,38,55,476<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 6.4% of the issue<\/td>\n<\/tr>\n<\/table>\n<p>These details come from disclosures made on 22 Oct under Regulation 77B(2) of the SEBI ICDR rules, filed before the 11 AM cutoff. At Rs 27 a share, the total of 2,38,55,476 entitlements is about Rs 64.4 crore (my calculation). Both applicants bought the right to subscribe from existing holders, so the money paid for the entitlements goes to the sellers and the money paid for the shares goes to Ola Electric.<\/p>\n<p>One report headlines that Motilal Oswal entities applied for 2.39 crore shares, which is the combined total and does not match the split in the filing. I rely on the split in the filing. I did not find any report on whether promoter Bhavish Aggarwal will apply for his own entitlement. A 6 Oct report said he pledged 20 crore shares for non-convertible debentures, but I could not find details.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Ola_Electric_Will_Use_the_Rights_Issue_Money\"><\/span><strong>How Ola Electric Will Use the Rights Issue Money<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: use of funds<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Amount (Rs crore)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Repayment of debt<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">350.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Organic growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">400.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">General corporate purposes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">233.99<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total proposed use<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">983.99<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">999.74<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Difference<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.75<\/td>\n<\/tr>\n<\/table>\n<p>The gap of Rs 15.75 crore between the issue size and the planned uses is probably issue expenses, though this is my reading and the Letter of Offer should be checked. Debt repayment of Rs 350 crore would cut interest costs, while Rs 400 crore for organic growth means more spending on a business that is still losing money. About 24% of the money goes to general corporate purposes (my calculation), which gives management room but little detail to investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ola_Electric_Share_Price_and_the_Rights_Entitlement\"><\/span><strong>Ola Electric Share Price and the Rights Entitlement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: market point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level on 22 Oct 2026<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 33.05<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 32.60<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 33.08<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 31.31<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price at 3:45 PM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 31.94, down 3.36%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 4.97 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rights issue price against the market price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 15.5% below (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rights entitlement OLAELEC-RE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3.63, down 40% from Rs 6.05<\/td>\n<\/tr>\n<\/table>\n<p>The rights entitlement fell 40% to Rs 3.63 on volume of about 1.55 crore, which reflects the falling time value as the renunciation date nears and the drop in the stock. The simple gap between the stock price and the issue price is Rs 4.94 (my calculation), above the entitlement price of Rs 3.63. Prices for entitlements move quickly, so the Ola Electric rights issue entitlement should be sold only after checking live quotes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ola_Electric_Rights_Issue_Valuation_and_Business_Risk\"><\/span><strong>Ola Electric Rights Issue: Valuation and Business Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: financial measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minus Rs 3.48<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minus 54.70%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10.26<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book at Rs 31.94<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.1 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.82<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.10 times<\/td>\n<\/tr>\n<\/table>\n<p>The company has negative earnings and a return on equity of minus 54.70%, so it cannot be valued on a P\/E ratio. A price to book near 3.1 is high for a business that loses money. The Ola Electric rights issue gives cash to bridge losses, but it also adds about 8% more shares (my calculation from the 2 for 25 ratio), which dilutes holders who do not apply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_Shareholders_Apply_to_the_Ola_Electric_Rights_Issue\"><\/span><strong>Should Shareholders Apply to the Ola Electric Rights Issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Ola Electric rights issue: shareholder type (my reading)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Points to weigh<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Believer in the turnaround<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Applying keeps the holding from being diluted and gets shares 15.5% below the market, but adds money to a loss-making business<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cautious holder<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Selling the rights entitlement turns the right into cash without putting new money in, though the price is volatile<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Holder who does nothing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The entitlement lapses and the holding is diluted by about 8% with no payment received<\/td>\n<\/tr>\n<\/table>\n<p>This is an educational view and not advice. Doing nothing is usually the worst choice in a rights issue because the entitlement expires without value. The choice in the Ola Electric rights issue is between applying and selling the entitlement before 26 Oct.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_on_the_Ola_Electric_Rights_Issue\"><\/span><strong>What to Watch Next on the Ola Electric Rights Issue<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Further disclosures of applicants and renounced entitlements in the Ola Electric rights issue<\/li>\n<li>The subscription level on 30 Oct against the Rs 999.74 crore target<\/li>\n<li>The price of OLAELEC-RE until renunciation closes on 26 Oct<\/li>\n<li>Allotment on 2 Nov and listing of the new shares on 4 Nov<\/li>\n<li>Whether the stock holds above the issue price of Rs 27 after the Ola Electric rights issue closes<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ola Electric rights issue opened on 22 Oct at Rs 27 a share, with Motilal Oswal Financial Services and Calliope Capital Advisors LLP named as early applicants for 2,38,55,476 entitlements. The funds will mainly repay Rs 350 crore of debt and support growth, but the company is still loss-making and the stock fell 3.36% today. Read the Letter of Offer and decide before 26 Oct for the entitlement and 30 Oct for the issue.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_terms_of_the_Ola_Electric_rights_issue\"><\/span><strong>What are the terms of the Ola Electric rights issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is priced at Rs 27 a share for 37,02,72,665 shares worth Rs 999.74 crore, in a ratio of 2 shares for every 25 held on the record date of 13 Oct 2026. It opens on 22 Oct and closes on 30 Oct.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_has_applied_in_the_Ola_Electric_rights_issue\"><\/span><strong>Who has applied in the Ola Electric rights issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Filings on 22 Oct name Motilal Oswal Financial Services, which applied for 1,28,33,054 entitlements renounced by ANI Technologies, and Calliope Capital Advisors LLP, which applied for 1,10,22,422 renounced by Indus Trust. Together they total 2,38,55,476.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Ola_Electric_rights_issue_close\"><\/span><strong>When does the Ola Electric rights issue close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It closes on 30 Oct 2026, and the last date to renounce entitlements is 26 Oct. Deemed allotment is on 2 Nov, shares are credited on 3 Nov and listing is on 4 Nov.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Ola_Electric_use_the_money\"><\/span><strong>How will Ola Electric use the money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Rs 350 crore will repay debt, Rs 400 crore will fund organic growth and Rs 233.99 crore will go to general corporate purposes. The total of Rs 983.99 crore is Rs 15.75 crore below the issue size, which is probably issue expenses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_buy_Ola_Electric_shares_now_to_apply_in_the_rights_issue\"><\/span><strong>Can I buy Ola Electric shares now to apply in the rights issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Eligibility was set on the record date of 13 Oct 2026, and the last day to buy shares to qualify was 12 Oct. You can still buy rights entitlements in the market until the renunciation date, if you wish to apply.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_I_do_not_apply_to_the_Ola_Electric_rights_issue\"><\/span><strong>What happens if I do not apply to the Ola Electric rights issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Your entitlement lapses if you neither apply nor sell it, and your holding is diluted by about 8% by my calculation. You can sell the entitlement under the ticker OLAELEC-RE until 26 Oct.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Ola_Electric_share_price_compared_with_the_rights_issue_price\"><\/span><strong>What is the Ola Electric share price compared with the rights issue price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock traded at Rs 31.94 at 3:45 PM on 22 Oct, about 15.5% above the issue price of Rs 27. The rights entitlement traded at Rs 3.63, down 40%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the terms of the Ola Electric rights issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue is priced at Rs 27 a share for 37,02,72,665 shares worth Rs 999.74 crore, in a ratio of 2 shares for every 25 held on the record date of 13 Oct 2026. It opens on 22 Oct and closes on 30 Oct.\"}},{\"@type\":\"Question\",\"name\":\"Who has applied in the Ola Electric rights issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Filings on 22 Oct name Motilal Oswal Financial Services, which applied for 1,28,33,054 entitlements renounced by ANI Technologies, and Calliope Capital Advisors LLP, which applied for 1,10,22,422 renounced by Indus Trust. Together they total 2,38,55,476.\"}},{\"@type\":\"Question\",\"name\":\"When does the Ola Electric rights issue close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It closes on 30 Oct 2026, and the last date to renounce entitlements is 26 Oct. Deemed allotment is on 2 Nov, shares are credited on 3 Nov and listing is on 4 Nov.\"}},{\"@type\":\"Question\",\"name\":\"How will Ola Electric use the money?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Rs 350 crore will repay debt, Rs 400 crore will fund organic growth and Rs 233.99 crore will go to general corporate purposes. The total of Rs 983.99 crore is Rs 15.75 crore below the issue size, which is probably issue expenses.\"}},{\"@type\":\"Question\",\"name\":\"Can I buy Ola Electric shares now to apply in the rights issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Eligibility was set on the record date of 13 Oct 2026, and the last day to buy shares to qualify was 12 Oct. You can still buy rights entitlements in the market until the renunciation date, if you wish to apply.\"}},{\"@type\":\"Question\",\"name\":\"What happens if I do not apply to the Ola Electric rights issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Your entitlement lapses if you neither apply nor sell it, and your holding is diluted by about 8% by my calculation. You can sell the entitlement under the ticker OLAELEC-RE until 26 Oct.\"}},{\"@type\":\"Question\",\"name\":\"What is the Ola Electric share price compared with the rights issue price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock traded at Rs 31.94 at 3:45 PM on 22 Oct, about 15.5% above the issue price of Rs 27. The rights entitlement traded at Rs 3.63, down 40%.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric rights issue opened on 22 Oct at Rs 27. Who has applied, ratio, dates, use of funds, rights entitlement price and the risks for shareholders.<\/p>\n","protected":false},"author":38,"featured_media":324695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[14933,14932,14929,11054,14928,14931,14930,14935,14934,14936],"class_list":["post-324696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-calliope-capital-ola-electric","tag-motilal-oswal-ola-electric","tag-ola-electric-rights-entitlement","tag-ola-electric-rights-issue","tag-ola-electric-rights-issue-investors","tag-ola-electric-rights-issue-price-27","tag-ola-electric-rights-issue-record-date","tag-ola-electric-share-price","tag-olaelec-re","tag-rights-issue-dates"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["324695"],"rank_math_title":["Ola Electric Rights Issue Opens: Who Is Applying, Key Dates"],"rank_math_description":["Ola Electric rights issue opened on 22 Oct at Rs 27 a share. See who has applied, ratio, dates, use of funds, the rights entitlement price and the risks for shareholders."],"rank_math_focus_keyword":["Ola Electric rights issue"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/ola-electric-rights-issue-opens-today-who-are-the-investors-applying.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=324696"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324696\/revisions"}],"predecessor-version":[{"id":324697,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324696\/revisions\/324697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/324695"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=324696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=324696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=324696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}