Ola Electric IPO fully subscribed on Day 2; retail portion booked 2.87x (resurfacing August 2024 update)
Resurfacing a report from August 2024: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times.
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 Day-2 IPO milestone aligns with resurfaced signals on Ola Electric’s February distribution overhaul and profitability push, linking investor demand with operational changes.
Retail-company is accelerating, up 408567% QoQ.