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 subscribed 2.87 times.
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 resurfaces alongside recent Ola Electric signals about a distribution-network redesign aimed at improving profitability and renewed focus on its Day 2 IPO outcome.
The retail-company theme is accelerating, up +1016100% QoQ.