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 their reserved portion 2.87 times.
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 IPO demand follows Ola Electric’s recent distribution-network redesign signals, including moves to sharpen profitability and improve profitability.
Retail-company signals are accelerating, up +566850% quarter over quarter.
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