Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87×
Ola Electric’s IPO was fully subscribed on the second day of bidding, with retail investors subscribing to 2.87 times their allocated portion.
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 sits alongside Ola Electric’s recent distribution-network redesign and profitability push, including its February move to restructure distribution and a later network redesign focused on margins.
The retail-company theme is accelerating, up 941200% QoQ.
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