Resurfacing an August 2024 milestone: Ola Electric IPO was fully subscribed by Day 2; retail book reached 2.87x
Resurfacing a August 5, 2024 update: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times, signalling strong early demand for the electric two-wheeler maker’s public issue.
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
The resurfaced IPO update aligns with a prior signal on Ola Electric’s Day 2 subscription and a February distribution-network redesign signal that put profitability in focus.
retail-company is accelerating, up +564700% QoQ.