Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x
Ola Electric’s IPO was fully subscribed by the second day of bidding, with retail investors subscribing to 2.87 times the shares reserved for them.
Ola Electric’s IPO was fully subscribed on the second bidding day, with the retail investor portion subscribed 2.87 times.
Why this matters
The Day 2 subscription result is resurfacing alongside an August 2024 account of the same IPO milestone and Ola Electric’s February distribution-network redesign amid its profitability push.
Retail-company signals are accelerating, up 385533% QoQ.
Also reported by
- Inc42 · Quick Commerce — 1h after first sighting