Resurfacing an August 2024 move: Ola Electric IPO was fully subscribed on Day 2; retail tranche booked 2.87x
Resurfacing a report from August 5, 2024: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times as of that date.
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-demand update adds historical context to Ola Electric’s recent February distribution network redesign and its push to improve profitability.
retail-company is accelerating, up +982800% QoQ.
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