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SRIT India BSE Debut & Ola Electric Rights Issue Update

By Business DeskSRIT India BSE Debut & Ola Electric Rights Issue Update

SRIT India lists on BSE at a 13.85% premium following its IPO, while Ola Electric launches a rights issue to raise Rs 1,000 crore for expansion.

Corporate updates bring fresh market movements as SRIT India Limited debuts on the BSE while Ola Electric Mobility rolls out a major rights issue.

SRIT India Market Debut

The Bengaluru-based IT firm listed its shares on October 6, 2026, following an initial public offering priced at Rs 130 per share.

  • Listing Price: Rs 148 per share, marking a 13.85% premium.
  • Market Capitalization: Approximately Rs 836 crore.
  • Total Equity Shares Listed: 64,271,757 fully paid-up shares.

The firm previously prepared for its market entry through draft prospectuses involving 16.8 million equity shares and maintains a robust order book valued at Rs 1,204.72 crore as of June 30, 2026.

Ola Electric Rights Issue Details

Ola Electric has initiated a corporate rights action aiming to raise up to Rs 1,000 crore through the issuance of partly paid-up shares.

  • Issue Price: Rs 27 per equity share, reflecting a 26% discount.
  • Total Shares Offered: 370,272,665 partly paid-up shares.
  • Record Date: October 13, 2026.

Payment for the rights shares is structured in two stages, with the application phase scheduled from October 22, 2026, to October 30, 2026.

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