Resurfacing a August 2024 move: Ola Electric IPO was fully subscribed by Day 2; retail portion booked 2.87x
Resurfacing news from August 5, 2024: Ola Electric's IPO was fully subscribed on its second day of bidding, with the retail investor category subscribed 2.87 times.
Ola Electric’s IPO was fully subscribed on the second bidding day, August 5, 2024. The retail investor portion was subscribed 2.87 times.
Why this matters
The resurfaced IPO demand data follows signals on Ola Electric's February profitability-driven distribution redesign and retail investor ownership nearing 30% in Q3.
Retail-company signals are accelerating, up 198900% quarter over quarter.
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