Resurfacing an August 2024 milestone: Ola Electric IPO was fully subscribed by Day 2, retail investor book reached 2.87x
Ola Electric's public issue was fully subscribed on the second day of bidding back in early August 2024, with the retail investor portion subscribed 2.87 times, signalling strong early investor demand for the EV maker at the time.
Ola Electric’s IPO was fully subscribed on its second day of bidding, with the retail investor portion subscribed 2.87 times.
Why this matters
Ola Electric’s recent distribution-network redesign centers on profitability; the resurfaced August 2024 IPO milestone captures earlier strong investor demand.
Retail-company is accelerating, up 313650% QoQ.