The Ola Electric rights issue reaches its eligibility checkpoint on October 13, 2026. NSE and BSE both list that date as the record date and ex-date. The practical point for shareholders is that these are partly paid shares, not a free bonus allocation.
₹16.20 is the first payment, not the full price
Ola Electric’s October 7 board notice sets the full issue price at ₹27 per rights share, including ₹17 premium over ₹10 face value. The payment on application is ₹16.20, or 60%. Another ₹10.80, or 40%, is due in the first and final call.
The notice expects that call to be completed on or before October 31, 2027, but expressly allows the board to change its timing, subject to applicable requirements. That date is therefore not an irrevocable payment deadline. A reader comparing prices should compare the full ₹27 commitment, not treat ₹16.20 as the total purchase cost.
Corporate-action facts
| Item | Verified detail |
|---|---|
| Entitlement | 2 rights shares for every 25 fully paid shares held on the record date |
| Record date / ex-date | October 13, 2026 |
| Full issue price | ₹27 per partly paid share |
| Application payment | ₹16.20 per share |
| Later call | ₹10.80 per share; timing may change |
| Issue opening / closing | October 22 / October 30, 2026, scheduled |
| Last on-market RE trading | October 26, 2026, scheduled |
| Maximum offered shares | 370,272,665 |
| Gross issue amount | ₹999.7361955 crore, assuming full subscription and all call payments |
Three dates with different jobs
The record date identifies entitlement holders; it is not the application closing date. The offer is scheduled to open on October 22 and close on October 30. On-market renunciation of rights entitlements, or REs, ends earlier, on October 26. The board retains the right to extend the issue period within the limit stated in its notice.
Under the stated ratio, 25 fully paid shares correspond to two rights shares. CapKet’s arithmetic gives ₹32.40 on application for those two shares and ₹21.60 later, totalling ₹54. This illustration does not establish a particular investor’s allotment, fractional entitlement or eligibility.
Check the letter of offer, demat entitlement and broker instructions separately. An entitlement to apply is different from having completed an application. No subscription outcome or assured gain is reported.
Sources and what was checked
Checked at 20:04 IST on October 12, 2026: NSE · BSE · issuer notice. NSE’s forthcoming equity list and BSE’s equity ex-date records for October 12–31 were reviewed. This is an upcoming-action report, not a claim that the action was announced today or has already been completed.
Related reporting: How Tonbo’s existing-share sale differs from a capital-raising offer. No current share price, return forecast or individual shareholder eligibility has been verified.