Ola Electric IPO fully subscribed by Day 2; retail portion booked 2.87×
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor category subscribed 2.87 times, signalling strong early demand for the electric-vehicle maker’s public issue.
Ola Electric’s IPO was fully subscribed on the second bidding day, with the retail investor portion subscribed 2.87 times.
Why this matters
The IPO demand signal follows Ola Electric’s distribution-network redesign focused on profitability. A related resurfaced signal also tracked the company’s August 2024 IPO Day 2 retail booking of 2.87×.
Retail-company signals are accelerating, up +1033100% QoQ.