Ola Electric Mobility Limited opened a Qualified Institutional Placement (QIP) on June 1, 2026, setting a floor price of ₹37.74 per equity share — a slight premium to Tuesday's market price of ₹38.96 on NSE, where the stock was trading down 1.44 per cent in early trade.The Fund Raising Committee approved the opening of the issue, adopted the preliminary placement document, and fixed the floor price.The company retains the option to offer up to a 5 per cent discount on that floor price. The final issue price will be determined in consultation with book running lead managers.The QIP follows a board approval from October 2025 and a shareholder green-light via postal ballot in November 2025. Trading window restrictions for designated persons will remain in place until 48 hours after the issue price is finalised.Separately, Ola Electric reported May 2026 registrations of 15,139 units, up 23 per cent from 12,323 units in April, according to VAHAN data.This marks the third consecutive month of volume growth. The broader electric two-wheeler industry grew around 15 per cent in the same period — from roughly 148,000 units in April to 170,000 units in May — meaning Ola's growth ran at nearly three times the industry rate.The company attributed the recovery to a retail restructuring at the front end and stronger execution, alongside rising petrol prices driving consumer interest toward EVs.Despite the sales uptick, Ola Electric's stock remains under pressure. It traded at ₹38.96 on Tuesday, down 27.4 per cent over the past year, against its 52-week high of ₹71.25 touched in September 2025. The company carries no reported P/E ratio, reflecting continued losses. Total market capitalisation stood at approximately ₹17,233 crore.Published on June 2, 2026