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 the retail investor segment subscribed 2.87 times.
Ola Electric’s IPO was fully subscribed on its second day, with the retail investor portion subscribed 2.87 times.
Why this matters
The IPO demand follows Ola Electric’s recent distribution-network redesign, first flagged in February, aimed at sharpening profitability.
Retail-company signals are accelerating, up 1,077,300% QoQ.