Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x
Ola Electric’s public issue was fully subscribed on the second day of bidding, with retail investors subscribing to 2.87 times the shares reserved for them.
Ola Electric’s IPO was fully subscribed on its second day of bidding, with the retail investor segment subscribed 2.87 times.
Why this matters
The August 2024 IPO subscription update sits alongside Ola Electric’s recent distribution-network redesign, which has resurfaced as part of a profitability push.
Retail-company signals are accelerating, up 1,096,800% QoQ.