Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x
Ola Electric’s initial public offering was fully subscribed on the second day of bidding, with the retail investor portion subscribed 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
IPO demand follows Ola Electric’s recent distribution-network redesign, which resurfaced in February amid the company’s profitability push.
The retail-company theme is accelerating, up 227817% QoQ.