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 the retail investor portion receiving 2.87 times the shares on offer.
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 update aligns with recent resurfacing of Ola Electric’s August 2024 IPO subscription milestone and follows coverage of its February distribution-network redesign aimed at improving profitability.
Retail-company signals are accelerating, up 1,025,800% quarter over quarter.