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 the second day of bidding, with the retail investor portion subscribed 2.87 times.
Why this matters
The resurfaced IPO-demand milestone adds context to recent Ola Electric coverage, including Day 2 retail subscription and the company’s distribution-network redesign to improve profitability.
Retail-company signals are accelerating, up 397200% QoQ.