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 electric-vehicle maker.
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
Following Ola Electric’s distribution-network redesign aimed at profitability, the fully subscribed Day 2 IPO shows strong retail participation as the EV maker pursues its next growth phase.
Retail-company signals are accelerating, up 385900% quarter over quarter.
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