Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x
Ola Electric’s IPO was fully subscribed on the second day of bidding, with retail investors subscribing to 2.87 times their allocated portion.
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 result aligns with a resurfaced August 2024 signal on Ola Electric’s Day 2 subscription and follows the brand’s February distribution-network redesign, where profitability was in focus.
Retail-company signals are accelerating, up 1,113,100% QoQ.