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 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 IPO demand follows Ola Electric’s February distribution-network redesign, which resurfaced in recent signals as a profitability-focused operational change.
Retail-company signals are accelerating, up +401600% QoQ.