Resurfacing an August 2024 milestone: Ola Electric IPO was fully subscribed on Day 2; retail tranche booked 2.87x
Resurfacing a months-old update: Ola Electric's IPO was fully subscribed by the second day of bidding on August 5, 2024, with the retail investor portion subscribed 2.87 times, indicating strong public-market demand for the electric-mobility company at the time.
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion booked 2.87 times, signalling strong investor demand for the Indian electric-mobility company.