2 Stocks in Focus After Receiving Approval to Raise Funds via QIP

Synopsis: Two clean-tech leaders have launched QIPs to fund expansion across renewable energy, battery storage, EVs, and cell manufacturing, underscoring growing confidence in India’s clean energy and mobility growth story.

India’s clean energy and electric mobility sectors are witnessing another phase of growth, with leading players turning to institutional fundraising to support expansion plans. The fresh capital is expected to strengthen manufacturing capabilities, accelerate project execution, and position these companies to capture long-term opportunities emerging from the country’s energy transition.

ACME Solar Holdings Ltd 

ACME Solar Holdings Ltd. is one of India’s largest renewable energy Independent Power Producers (IPPs), operating a diversified portfolio spanning solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company benefits directly from India’s accelerating transition toward green energy and localized battery storage systems.

The company’s Fund Raising Committee approved the opening of its QIP issue on June 1, 2026. The committee fixed the floor price at Rs.294.13 per equity share, calculated under SEBI ICDR regulations, with a provision to offer a discount of up to 5% at the company’s discretion. 

The capital generated is intended to support its massive project pipeline, with an ultimate target of scaling its generation capacity to 10 GW and Battery Energy Storage Systems (BESS) capacity to 20 GWh by 2030.

Investor sentiment also turned positive following the fundraising announcement, with ACME Solar shares gaining nearly 8 percent during Tuesday’s trading session.
With the current market price of ACME Solar sitting at Rs. 331, the regulatory floor price of Rs. 294.13 represents a 11.14% discount for institutional investors. Conversely, the current market price is trading at a 12.53% premium over the QIP floor price. 

Ola Electric Mobility Ltd 

Ola Electric Mobility Ltd is India’s leading pure-play electric vehicle (EV) manufacturer and battery innovator. Operating across two core strategic pillars, electric vehicles and advanced battery cells, the company maintains an integrated ecosystem supported by its flagship Futurefactory and a scaling Gigafactory platform.

On June 1, 2026, the company’s Fund Raising Committee authorized the opening of its QIP issue. Based on the prescribed SEBI pricing formula, the floor price has been set at Rs.37.74 per equity share, with the board holding the approval to offer a discount of up to 5% to eligible qualified institutional buyers. 

This institutional capital raising will fund the scale-up of its 4680 cell manufacturing footprint, deepen vertical integration, and establish external demand streams via its distributed energy storage systems.

Financials

ACME Solar reported an outstanding financial performance for the financial year ended March 31, 2026. Consolidated total revenue surged by 59.2% YoY to Rs.2,507 crore, up from Rs.1,575 crore in FY25, driven by higher capacity utilization and fresh asset commissioning. 

Profitability saw substantial expansion as consolidated EBITDA jumped 61.2% YoY to Rs.2,265 crore, yielding an optimized EBITDA margin of 90.3%. Net profit witnessed a spectacular rise of 98.5% YoY, finishing at Rs.498 crore compared to Rs.251 crore in the previous fiscal year.

Ola Electric delivered a mixed set of full-year consolidated results for FY26 as part of a strategic corporate reset. Total revenue from operations stood at Rs.2,253 crore. Backed by expanding vertical integration and manufacturing efficiencies, the company expanded its consolidated gross margin to 30.6% for FY26, hitting a peak profile of 38.5% in Q4 FY26. 

However, significant investments into cellular R&D and manufacturing scale resulted in an adjusted operating EBITDA loss of Rs.1,203 crore. Net loss for the full year stood at Rs.1,833 crore, though tighter cost discipline resulted in a materially lowered cash burn rate across successive quarters.

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