Ola Electric IPO fully subscribed on Day 2; retail tranche booked 2.87x (resurfacing an August 2024 update)
Resurfacing a development from August 5, 2024: Ola Electric’s initial public offering was fully subscribed on the second day of bidding, with the retail investor category 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 as of August 5, 2024.
Why this matters
The resurfaced IPO update joins Ola Electric’s February distribution-network redesign and profitability-focused overhaul, spanning capital-markets interest and operating changes.
Retail-company is accelerating, up 199914% QoQ.
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