Ola Electric IPO fully subscribed on Day 2; retail quota booked 2.87x
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion 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 the second day of bidding, with the retail investor portion subscribed 2.87 times.
Why this matters
The IPO demand follows Ola Electric’s recent distribution network redesigns aimed at improving profitability, indicating investor interest as the company adjusts its operating model.
The retail-company theme is accelerating, up +944900% QoQ.