Resurfacing an August 2024 Milestone: Ola Electric's ₹6,145 Cr IPO Was Fully Subscribed On Day 2, Retail Portion Booked 2.87x
Looking back at the August 2024 listing, SoftBank-backed EV maker's ₹5,500 crore fresh issue plus 8.49 crore share OFS drew strong retail demand at the ₹72-76 price band, signaling investor appetite for India's two-wheeler EV growth story.
Ola Electric's ₹6,145 crore IPO fully subscribed on day two, with retail portion booked 2.87x, as the SoftBank-backed EV maker seeks capital for expansion in India's two-wheeler market.