Ola Electric IPO fully subscribed on Day 2; retail book reaches 2.87x
Ola Electric’s IPO was fully subscribed by the second day of bidding, with the retail investor category subscribed 2.87 times, signalling strong public-market demand for the electric two-wheeler maker.
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 Day 2 IPO demand follows recent resurfacing of Ola Electric’s August 2024 retail tranche booking and its February distribution-network redesign aimed at profitability.
Retail-company signals are accelerating, up 256500% QoQ.