Resurfacing a August 2024 Move: Ola Electric's ₹6,145 Cr IPO Was Fully Subscribed on Day 2; Retail Portion Booked 2.87x
Recapping events from early August 2024 ahead of its Aug 9 listing on BSE/NSE, Ola Electric's IPO had drawn 15.68 Cr shares in bids against 15.19 Cr on offer. Retail investors led demand at 2.87x, employees at 1.76x, while QIB (0.5x) and NII (0.66x) lagged, taking overall subscription to 1.03x at a ₹72-76 price band.
Ola Electric's Rs 6,145 Cr IPO was fully subscribed on Day 2, with retail portion at 2.87x; listing expected August 9, 2024 on BSE/NSE.