Ola Electric IPO fully subscribed by Day 2; retail tranche booked 2.87x
Ola Electric’s public issue was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times—signalling strong individual-investor demand for the EV maker’s market debut.
Ola Electric’s IPO was fully subscribed on the second day of bidding. The retail investor portion was subscribed 2.87 times, indicating strong retail demand for the Indian electric-vehicle maker’s public offering.
Why this matters
The IPO-demand signal follows Ola Electric's February distribution-network redesign aimed at profitability and echoes its August 2024 Day 2 subscription update.
Retail-company signals are accelerating, up +1031200% QoQ.