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 electric two-wheeler maker’s public issue.
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-demand signal follows Ola Electric’s February distribution-network redesign to improve profitability, later resurfaced as the company sharpened its distribution model.
Retail-company signals are accelerating, up +310300% QoQ.