Ola Electric IPO fully subscribed on Day 2; retail portion booked 2.87x
Ola Electric’s IPO was fully subscribed on its second day of bidding, with the retail investor category subscribed 2.87 times, signalling strong early demand for the electric two-wheeler maker’s public issue.
Ola Electric’s IPO was fully subscribed on its second day, with the retail investor portion subscribed 2.87 times.
Why this matters
IPO demand follows signals that Ola Electric’s February distribution-network redesign resurfaced amid a profitability push, linking investor appetite to scrutiny of its retail reach and path to profitability.
Retail-company signals are accelerating, up 981900% QoQ.