Ola Electric IPO fully subscribed by Day 2; retail tranche booked 2.87x
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion receiving subscriptions of 2.87 times the shares on offer.
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times.
Why this matters
The IPO subscription milestone follows recent signals that Ola Electric redesigned its distribution network to sharpen profitability, alongside a separate Day 2 IPO subscription update.
The retail-company theme is accelerating, up +398233% QoQ.