Ola Electric IPO subscription resurfaces: Day 2 saw full subscription, retail portion booked 2.87x (August 2024)
Resurfacing a August 2024 update: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor category subscribed 2.87 times as of August 5, 2024.
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor category subscribed 2.87 times as of August 5, 2024.
Why this matters
The resurfaced IPO update follows recent signals on Ola Electric’s profitability-focused distribution network redesign and its broader network reset.
Retail-company signals are accelerating, up 258,560% QoQ.