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 the retail investor portion subscribed 2.87 times, signalling strong early demand for the EV maker’s public issue.
Ola Electric’s IPO was fully subscribed on its second bidding day, with the retail investor portion subscribed 2.87 times.
Why this matters
The August 2024 IPO demand milestone adds investor-demand context to Ola Electric’s recent distribution-network redesigns aimed at sharpening profitability, including a resurfaced February move.
Retail-company signals are accelerating, up 221533% quarter over quarter.