Ola Electric IPO fully subscribed on Day 2; retail tranche draws 2.87x bids
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times.
Ola Electric’s IPO was fully subscribed on its second day, with the retail investor portion subscribed 2.87 times.
Why this matters
The IPO demand follows Ola Electric’s distribution-network redesign to sharpen profitability and rising retail investor ownership nearing 30% in Q3.
Retail-company signals are accelerating, up 199571% QoQ.