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 individual-investor demand for the EV maker’s public-market debut.
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 signal follows Ola Electric’s recent distribution-network redesigns, which focused on sharpening profitability and improving operating efficiency.
Retail-company signals are accelerating, up 398567% QoQ.