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 retail investors subscribing to 2.87 times the shares reserved for them—signalling strong early demand for the electric two-wheeler maker’s public issue.
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 IPO demand signal appears alongside Ola Electric’s recent distribution-network redesigns, which focus on improving profitability after its public-market debut.
Retail-company signals are accelerating, up 937200% QoQ.