Resurfacing an August 2024 milestone: Ola Electric IPO was fully subscribed on day 2, retail tranche booked 2.87x
Revisiting Ola Electric's IPO run, which crossed full subscription on its second day back in early August 2024, with the retail investor portion subscribed 2.87 times, signalling strong individual-investor demand for the EV maker's public-market debut.
Ola Electric’s IPO was fully subscribed on its second day, with the retail investor portion subscribed 2.87 times.
Why this matters
The resurfaced IPO milestone follows recent coverage of Ola Electric's distribution-network redesign to improve profitability and an earlier signal on its Day 2 IPO subscription.
retail-company is accelerating, up +397167% QoQ.