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 the second day of bidding, with the retail investor portion subscribed 2.87 times.
Why this matters
The signal revisits Ola Electric’s August 2024 IPO milestone, alongside recent attention on its distribution network redesign and profitability focus.
retail-company is accelerating, up +1000000% QoQ.