Resurfacing a August 2024 move: Ola Electric IPO was fully subscribed on Day 2; retail tranche booked 2.87x
Resurfacing details from August 5, 2024: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times as of that date.
Ola Electric’s IPO was fully subscribed on the second day of bidding. The retail investor portion was subscribed 2.87 times as of August 5, 2024.
Why this matters
The resurfaced Day 2 IPO milestone follows recent signals on Ola Electric’s February distribution-network redesign amid a profitability push and another resurfacing of the 2.87x retail-book result.
retail-company is accelerating, up 942100% QoQ.
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