Ola Electric IPO fully subscribed on Day 2; retail portion booked 2.87x (resurfacing an August 2024 update)
Resurfacing a report from August 5, 2024: Ola Electric’s initial public offering was fully subscribed on the second day of bidding, with the retail investor category subscribed 2.87 times as of that date.
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 August 2024 IPO update resurfaces as Ola Electric’s recent signals focus on redesigning its distribution network to improve profitability, including two reports on the network overhaul.
retail-company is accelerating, up +391000% QoQ.