Ola Electric IPO's Day 2 full subscription resurfaces: retail portion was booked 2.87x back in August 2024
Resurfacing a August 5, 2024 milestone: Ola Electric's IPO was fully subscribed on its second day of bidding. The retail-investor allocation had drawn bids for 2.87 times the shares on offer.
Ola Electric’s IPO was fully subscribed on its second bidding day, August 5, 2024. The retail investor portion was subscribed 2.87 times.
Why this matters
The resurfaced August 2024 IPO demand milestone follows recent signals on Ola Electric's distribution-network redesign and its profitability push.
Retail-company signals are accelerating, up 393533% quarter over quarter.