Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x (resurfacing an August 2024 milestone)
Resurfacing a development from August 5, 2024: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times as of that date.
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 milestone sits alongside Ola Electric’s February distribution overhaul and distribution-network redesign, both positioned as part of a profitability push.
Retail-company is accelerating, up 388600% QoQ.
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