Ola Electric IPO fully subscribed on Day 2 as retail tranche reaches 2.87x
Ola Electric’s IPO 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 electric two-wheeler maker’s public issue.
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 demand follows recent signals on Ola Electric’s February distribution network redesign and its push to improve profitability, adding a capital-markets indicator to the company’s operational reset.
Retail-company signals are accelerating, up +389200% quarter over quarter.