Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x
Ola Electric’s public issue was fully subscribed on the second day of bidding, with the retail investor portion drawing 2.87 times the shares on offer.
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 update follows signals that Ola Electric redesigned its distribution network to improve profitability and that the redesign has resurfaced with profitability still in focus.
retail-company is accelerating, up +256220% QoQ.