The placement of Ola Electric company shares worth 100 billion rupees was fully subscribed on Wednesday evening, despite the subscription period not yet expiring—there were two days remaining.
The volume of the Ola Electric Mobility Rights Issue October 2026 was 370,272,665 shares. By the close of trading on Wednesday, investors subscribed to 371,359,420 shares.
The company's founder, Bhavish Aggarwal, participated in the entire offering. His personal stake accounts for 26.5 percent, while the promoters' stake reaches 32.9 percent.
The company's shares showed a 23 percent increase over the last two trading sessions, closing at 36.66 rupees on Wednesday.
Ola is transitioning from a direct-to-consumer (D2C) sales model to sales through a dealer network. This transition is expected to boost sales rates and improve service quality, which is a significant factor influencing market reaction.