Ola Electric IPO fully subscribed on Day 2; retail portion booked 2.87x
Ola Electric’s IPO was fully subscribed on the second day of bidding, with retail investors subscribing to 2.87 times the shares reserved for them.
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion booked 2.87 times.
Why this matters
The IPO milestone resurfaces as Ola Electric redesigns its distribution network for profitability and overhauls its dealer network amid market-share pressure.
retail-company is accelerating, up 932300% QoQ.